International Trade in Services

FBoS Release No: 57, 2016
23rd September 2016


Fiji’s International Trade in Services Statistics [ITSS] provides information on the value of imports and exports of services between the resident country [Fiji] and non-resident countries. The information used in this release is from the International Trade in Services Survey and Administrative Sources.

itsMar16a

Key Facts

  • Provisional Export of Services in the March quarter of 2016 was $570.3 million, an increase of $15.5 million (2.8%) when compared to a year earlier. (Refer to Graph I)
  • Estimated Import of Services in the March quarter of 2016 was $198.6 million, a decrease of $86.6 million (30.4%) when compared to a year earlier. (Refer to Graph I)
  • A Surplus of $371.7 million was recorded in the March quarter of 2016, $102.1 million (37.9%) more than the surplus of $269.6 million recorded a year earlier.

 

 

 

 

 

 

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

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  • Travel services, a surplus of $294.4 million, an increase of $33.7 million when compared to the March quarter of 2015 reflecting higher earnings from tourism;
  • Transportation services, a surplus of $84.0 million, an increase of $67.7 million when compared to the March quarter of 2015 reflecting higher receipts of international air passenger;
  • Government services, a surplus of $17.4 million, a decrease of $20.1 million when compared to the March quarter of 2015. This was a result of lower receipts of funds received by international agencies based in Fiji;
  • Construction services, a surplus of $8.0 million, an increase of $7.8 million when compared to the March quarter of 2015 due to higher earnings for construction works carried out abroad;
  • Financial services, a surplus of $1.8 million, an increase of $0.9 million when compared to the March quarter of 2015 reflecting higher receipts for services provided by financial institutions;
  • Manufacturing services, a surplus of $1.5 million, a decrease of $5.0 million when compared to the March quarter of 2015 reflecting lower earnings from goods processed in Fiji and
  • Maintenance and repair services, a surplus of $1.1 million, a decrease of $2.2 million when compared to the March quarter of 2015 due to lower receipts for the repair of goods.

 

 

 

 

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

  • Other business services, a deficit of $14.8 million, an increase of $3.7 million when compared to the March quarter of 2015 reflecting payments for business services such as other professional and management consultation fees;
  • Insurance services, a deficit of $11.7 million, a decrease of $5.8 million when compared to the March quarter of 2015 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 $5.5 million, a decrease of $18.8 million when compared to the March quarter of 2015 reflecting payments for computer and information services;
  • Personal, cultural & recreational services, a deficit of $2.5 million, an increase of $1.1 million when compared to the March quarter of 2015 reflecting payments of fees for education and related services and
  • Charges for the use of intellectual property, a deficit of $2.0 million, an increase of $0.5 million when compared to the March quarter of 2015 due to royalty and license fee payments.

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