INTERNATIONAL TRADE IN SERVICES - September 2015

FBoS Release No: 83, 2015
16th December 2015


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Provisional data valued Fiji’s export of services in the September quarter of 2015 at $763.1 million. This was an increase of $64.4 million (9.2%) when compared to a year earlier. The estimated value of services imported in the same period was $249.8 million, a decrease of $48.1 million (16.1%) when compared to the September quarter of 2014.

The trade in services surplus for the September quarter of 2015 amounted to $513.3 million, $112.5 million (28.1%) more than the surplus of $400.8 million recorded a year earlier.

 

 

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In the September quarter of 2015, services recording a surplus were: (Refer to Graph II)

  • Travel services, a surplus of $429.0 million, an increase of $49.8 million when compared to the September quarter of 2014 reflecting higher earnings from tourism;
  • Transportation services, a surplus of $75.2 million, an increase of $80.2 million when compared to the September quarter of 2014 reflecting higher receipts of international sea freight;
  • Government services, a surplus of $23.1 million, a decrease of $41.2 million when compared to the September quarter of 2014. This was a result of lower receipts of funds received by International Agencies based in Fiji;
  • Manufacturing services, a surplus of $6.0 million, a decrease of $1.2 million when compared to the September quarter of 2014 reflecting lower earnings from goods processed in Fiji;
  • Construction services, a surplus of $3.3 million, an increase of $4.5 million when compared to the September quarter of 2014 due to higher earnings for construction works carried out abroad;
  • Maintenance and repair services, a surplus of $2.9 million, an increase of $2.8 million when compared to the September quarter of 2014 due to higher receipts for the repair of goods and
  • Financial services, a surplus of $2.3 million, an increase of $0.5 million when compared to the September quarter of 2014 reflecting higher receipts for services provided by financial institutions.

In the September quarter of 2015, services recording a deficit were: (Refer to Graph II)

  • Insurance services, a deficit of $17.5 million, a decrease of $3.7 million when compared to the September quarter of 2014 due to insurance paid on imported goods to cover for the damage or complete loss of freight;
  • Telecommunication, computer and information services, a deficit of $8.6 million, a decrease of $4.5 million when compared to the September quarter of 2014 reflecting payments for computer and information services;
  • Charges for the use of intellectual property, a deficit of $1.6 million, an increase of $0.7 million when compared to the September quarter of 2014 due to royalty and license fee payments;
  • Personal, cultural & recreational services, a deficit of $0.4 million, a decrease of $0.4 million when compared to the September quarter of 2014 reflecting payments of fees for audio visual and related services and
  • Other business services, a deficit of $0.4 million, a decrease of $9.2 million when compared to the September quarter of 2014 reflecting payments for business services such as other professional and management consultation fees.

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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 December quarter of 2015 will be available in March 2016.