Australia's trade services hits $116 billion

AUSTRALIA'S trade in services hit $116 billion, up 4.2% year-on-year in 2012-13, new figures revealed on today.

The Department of Foreign Affairs and Trade report showed services exports from Australia also rose 3.7% to $52.4 billion over the same period.

Big rises were found in exports of services in financial services, professional and management consultants and business travel services.

The biggest winner during 2012-13 was the financial services export sector, up a massive 42.8% to $2 billion in the year to July 2013.

Australia's key export markets also bought more Aussie services, with China buying 7.3% more services from Australia, up to $6.7 billion, and the United States up 5.1% to $5.5 billion over the year.


Being stripped of good life by party house stays

Being stripped of good life by party house stays

Online short-stay rental debate in full swing

Growing anger over 'destructive' Airbnb as listings spike

Growing anger over 'destructive' Airbnb as listings spike

Anger at the downside of online short stays grows

Local Partners