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.



100 batches later, local spirit still a market heavyweight

Premium Content 100 batches later, local spirit still a market heavyweight

Industry experts were unsure when Ink Gin was first unveiled

Why everyone is flocking to the North Coast these holidays

Premium Content Why everyone is flocking to the North Coast these holidays

TRAVEL data reveals the top spots on everyone’s holiday list.

Did Otways panther take farmer’s livestock?

Premium Content Did Otways panther take farmer’s livestock?

Podcaster Ben Beed explores Otways Panther legend in ongoing series, reveals latest...