FBoS Release No: 50, 2018
25^th July 2018

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.

Key Facts

• Estimated Total Exports of Services in the March quarter of 2018 was $696.7 million, an increase of $100.1 million (16.8%) when compared to a year earlier. (Refer to Graph 1)

• Estimated Total Imports of Services in the March quarter of 2018 was $329.0 million, an increase of $24.5 million (8.0%) when compared to a year earlier. (Refer to Graph 1)

• A Surplus of $367.7 million was recorded in the March quarter of 2018, $75.6 million (25.9%) more than the surplus of $292.1 million recorded a year earlier

Services recording surplus for the March quarter of 2018 were: (Refer to Graph 2)

• Travel services, a surplus of $311.5 million, an increase of $21.8 million when compared to the March quarter of 2017 reflecting higher exports of travel related services;

• Government services, a surplus of $53.2 million, an increase of $23.7 million when compared to the March quarter of 2017. This was the result of an increase in funds received from international agencies based in Fiji;

• Transportation services, a surplus of $48.4 million, an increase of $19.2 million when compared to the March quarter of 2017 reflecting higher exports of international air passenger services;

• Manufacturing services, a surplus of $4.3 million, no change when compared to the March quarter of 2017;

• Financial services, a surplus of $1.9 million, a decrease of $0.9 million when compared to the March quarter of 2017 reflecting lower exports of services by financial institutions; and

• Maintenance and repair services, a surplus of $0.3 million, a total change of $1.6 million when compared to the March quarter of 2017 where a deficit of $1.3 was recorded due to higher exports of repair related services.

• Services recording deficit for the March quarter of 2018 were: (Refer to Graph 2)

• Other business services, a deficit of $23.9 million, this represents an increase in deficit of $0.8 million when compared to the March quarter of 2017 reflecting higher imports of other professional and management consultation services;

• Insurance services, a deficit of $19.9 million, this represents a decrease in deficit of $1.0 million when compared to the March quarter of 2017 due to lower imports of insurance services to cover for the damage or complete loss of freight;

• Personal, cultural & recreational services, a deficit of $3.5 million, this represents an increase in deficit of $2.2 million when compared to the March quarter of 2017 reflecting higher imports of audio visual and other personal, cultural and recreational services;

• Charges for the use of intellectual property, a deficit of $2.2 million, this represents a decrease in deficit of $0.8 million when compared to the March quarter of 2017 due to lower imports of royalty and license services;

• Construction services, a deficit of $2.1 million, this represents a total change of $3.6 million when compared to the March quarter of 2017, where a surplus of $1.5 million was recorded, due to higher imports of construction services; and

• Telecommunication, computer and information services, a deficit of $0.3 million, this represents a decrease in deficit of $15.0 million when compared to the March quarter of 2017 due to lower imports of computer and information services.

CLICK HERE FOR RELATED TABLES

• Table 1:          Exports of Services;
• Table 2:          Imports of Services; and
• Appendix 1:  Technical Notes.

For further enquiries please contact Ms. Susana Vaioa on email   or or Ms. Talica Naivota on email telephone 331 5822 (ext. 386 235) or direct line 323 0835.

The International Trade in Services Statistics for the June Quarter of 2018 will be released as soon as the disaggregated data becomes available.