Service exports is a priority focus over the next 12 months (2020 and through 2021) where the State will be using BIS (Bank for International Settlements) data to impute values to Professional Services activities within the Growth State sectors noted below, including across Defence, Space, Creative Industries, Health and Medical and Hi-Tech.
Nine Growth State sectors in which the state has existing or emerging competitive advantage. Some of these sectors are concentrated entirely or overwhelmingly in services, including in creative industries, some have a major services component (Hi-Tech, Health and Medical Industries), whilst some are increasingly seeing services potential, and the contribution of services exports is expected to grow over time (Food, Wine & Agribusiness, Mining and Energy, Defence & Space). Each of these sectors has released, or is soon to release, a detailed sector strategy. These sector strategies are owned and endorsed by industry.
A Virtual Trade Action Plan in 2020 developed in response to the impact of COVID-19 and the challenge this placed on exporters meeting in usual ways (face-to-face, trade missions etc). This has enhanced our digital delivery strategy and digital promotion of the State’s capability important in growing exports and investment over time.