INTERNATIONAL TRADE IN SERVICES - June 2016

FBoS Release No: 69, 2016
14th October 2016


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.

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Key Facts

  • Estimated Total Export of Services in the June quarter of 2016 was $622.2 million, a decrease of $6.6 million (1.0%) when compared to a year earlier. (Refer to Graph I)
  • Estimated Total Import of Services in the June quarter of 2016 was $260.3 million, a decrease of $24.6 million (8.6%) when compared to a year earlier. (Refer to Graph I)
  • A Surplus of $361.9 million was recorded in the June quarter of 2016, $18.0 million (5.2%) more than the surplus of $343.9 million recorded a year earlier.

 

 

 

 

 

 

Services recording surplus for the June quarter of 2016 were: (Refer to Graph II)

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  • Travel services, a surplus of $324.3 million, a decrease of $8.9 million when compared to the June quarter of 2015 reflecting lower earnings from tourism;
  • Government services, a surplus of $42.0 million, an increase of $12.3 million when compared to the June quarter of 2015. This was a result of higher receipts of funds received by international agencies based in Fiji;
  • Transportation services, a surplus of $25.0 million, an increase of $9.8 million when compared to the June quarter of 2015 reflecting higher receipts of international air passenger;
  • Construction services, a surplus of $5.0 million, an increase of $4.3 million when compared to the June quarter of 2015 due to higher earnings for construction works carried out abroad;
  • Manufacturing services, a surplus of $4.1 million, a decrease of $0.6 million when compared to the June quarter of 2015 reflecting lower earnings from goods processed in Fiji; and
  • Financial services, a surplus of $1.8 million, a decrease of $0.2 million when compared to the June quarter of 2015 reflecting lower receipts for services provided by financial institutions.

Services recording deficit for the June quarter of 2016 were: (Refer to Graph II)

  • Insurance services, a deficit of $16.4 million, a decrease of $2.3 million when compared to the June quarter of 2015 due to insurance paid on imported goods to cover for the damage or complete loss of freight;
  • Other business services, a deficit of $10.6 million, an increase of $4.9 million when compared to the June quarter of 2015 reflecting payments for business services such as other professional and management consultation fees;
  • Telecommunication, computer and information services, a deficit of $10.5 million, a decrease of $2.3 million when compared to the June quarter of 2015 reflecting payments for computer and information services;
  • Charges for the use of intellectual property, a deficit of $1.8 million, a decrease of $0.7 million when compared to the June quarter of 2015 due to royalty and license fee payments;
  • Personal, cultural & recreational services, a deficit of $0.9 million, a decrease of $0.8 million when compared to the June quarter of 2015 reflecting payments of fees for audio visual and related services; and
  • Maintenance and repair services, a deficit of $0.1 million, a decrease of $0.1 million when compared to the June quarter of 2015 due to payments for the repair of goods.

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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 September Quarter of 2016 will be released as soon as the disaggregated data becomes available.