Technology news and Jobs arrow VIRTUALISATION arrow ICT trade gap widening, warns ACS
ICT trade gap widening, warns ACS E-mail
by Stephen Withers   
Tuesday, 22 September 2009
Australia's ICT trade deficit grew to $A28 billion in 2008, according to a report by the Australian Computer Society (ACS). Although exports rose, imports grew more.

According to the ACS's 2009 Australian ICT Trade Update, the nation's ICT exports totalled $6.6 billion while imports also rose to $34 billion.

Australian ICT imports are overwhelmingly for equipment. Software imports were around $1 billion (back to the levels of the early part of the decade after a bulge between 2004 and 2006), while services were around $4 billion (suggesting the growth in offshore outsourcing may not have been as strong as suspected in some quarters).

Equipment imports have been rising fairly steadily since 2003, which was the low point after the 'tech wreck' at the beginning of the decade. It will come as no surprise to anyone that's been looking at the "made in" labels on hardware that China is now Australia's biggest supplier, accounting for 35% of equipment imports.

Exports have followed a slightly different pattern, as they didn't return to growth until 2006. And equipment and services exports are more evenly balanced, running at around $3.5 billion and $3 billion respectively.

The good news is that exports have almost recovered to the level seen at the peak of the boom in 2000.

Perhaps surprisingly, ICT goods and services are among Australia's top ten exports, and account for approximately 2.3% of the nation's export earnings.

Where are these exports going? Find out on page 2.



 
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