Australia’s services exports continued to grow strongly in the financial year to 30 June 2007, rising 10.5 per cent to $46.2 billion, according to this report. Services imports increased 8.0 per cent to $44.4 billion over the year. This gave a positive annual balance of services trade of $1.9 billion, up from $771 million the previous year.
Travel services continued to dominate Australian services exports, rising 11.7 per cent to $25.3 billion in 2006-07. Education services, the travel component of which is included in personal travel services, grew 16.0 per cent to $11.7 billion, making the sector Australia’s third largest export.