International Trade in Services

FBoS Release No: 51, 2017
5th September 2017


Fiji’s International Trade in Services Statistics [ITSS] provides information on the value of import and export of services between Fiji and the rest of the world. The information used in this release is from the International Trade in Services Survey and Administrative Sources.

itsMar17aKey Facts

  • The estimated Total Export of Services in the March quarter of 2017 was $627.6 million, an increase of $54.3 million (9.5%) when compared to a year earlier. (Refer to Graph 1)
  • The estimated Total Import of Services in the March quarter of 2017 was $300.4 million, an increase of $53.8 million (21.8%) when compared to a year earlier. (Refer to Graph 1)
  • A Surplus of $327.2 million was recorded in the March quarter of 2017, $0.5 million (0.2%) more than the surplus of $326.7 million recorded a year earlier.

 

 

 

 

 

Services recording surplus for the March quarter of 2017 were: (Refer to Graph 2)

  • itsMar17bTravel services, a surplus of $317.9 million, an increase of $23.3 million when compared to the March quarter of 2016 reflecting higher earnings from tourism;
  • Government services, a surplus of $35.7 million, an increase of $18.3 million when compared to the March quarter of 2016. This was a result of higher receipts of funds received by international agencies based in Fiji;
  • Transportation services, a surplus of $26.4 million, a decrease of $16.6 million when compared to the March quarter of 2016 reflecting higher payments of international sea freight;
  • Manufacturing services, a surplus of $4.2 million, an increase of $0.8 million when compared to the March quarter of 2016 reflecting higher earnings from goods processed in Fiji;
  • Financial services, a surplus of $2.0 million, an increase of $0.2 million when compared to the March quarter of 2016 reflecting higher receipts for services provided by financial institutions;
  • Construction services, a surplus of $1.5 million, a decrease of $6.4 million when compared to the March quarter of 2016 due to lower earnings for construction works carried out abroad.

Services recording deficit for the March quarter of 2017 were: (Refer to Graph 2)

  • Insurance services, a deficit of $20.9 million, this represents an increase in deficit of $5.9 million when compared to the March quarter of 2016 due to insurance paid on imported goods to cover for the damage or complete loss of freight;
  • Other business services, a deficit of $19.6 million, this represents an increase in deficit of $2.7 million when compared to the March quarter of 2016 reflecting payments for business services such as other professional and management consultation fees;
  • Telecommunication, computer and information services, a deficit of $14.7 million, this represents an increase in deficit of $8.6 million when compared to the March quarter of 2016 reflecting payments for computer and information services;
  • Charges for the use of intellectual property, a deficit of $2.9 million, this represents an increase in deficit of $0.9 million when compared to the March quarter of 2016 due to royalty and license fee payments;
  • Personal, cultural & recreational services, a deficit of $1.5 million, this represents a decrease in deficit of $0.9 million when compared to the March quarter of 2016 reflecting payments of fees for audio visual and other personal, cultural and recreational services; and
  • Maintenance and repair services, a deficit of $0.9 million, this represents a change of $1.9 million when compared to a surplus of $1.0 million in the March quarter of 2016 due to payments for the repair of goods.

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Users of International Trade in Services should exercise caution when interpreting the data because some components of Trade in Services for March Quarter 2017 have been estimated.
For further enquiries please contact Ms. Susana Vaioa on email or telephone 331 5822 (ext. 386 241) or direct line 323 0841.
The International Trade in Services Statistics for the June Quarter of 2017 will be released as soon as the disaggregated data becomes available.