Trade Finance Market

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.
While a seller (or exporter) can require the purchaser (an importer) to prepay for goods shipped, the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks may assist by providing various forms of support. For example, the importer's bank may provide a letter of credit to the exporter (or the exporter's bank) providing for payment upon presentation of certain documents, such as a bill of lading. The exporter's bank may make a loan (by advancing funds) to the exporter on the basis of the export contract.
Other forms of trade finance can include documentary collection, trade credit insurance, finetrading, factoring or forfaiting. Some forms are specifically designed to supplement traditional financing.
Secure trade finance depends on verifiable and secure tracking of physical risks and events in the chain between exporter and importer. The advent of new information and communication technologies allows the development of risk mitigation models which have developed into advance finance models. This allows very low risk of advance payment given to the Exporter, while preserving the Importer's normal payment credit terms and without burdening the importer's balance sheet. As trade transactions become more flexible and increase in volume, demand for these technologies has grown.
Trade Finance Market contains market size and forecasts of Trade Finance in Global, including the following market information:
Global Trade Finance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Trade Finance market was valued at 8246120 million in 2021 and is projected to reach US$ 11733540 million by 2028, at a CAGR of 5.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Guarantees Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Trade Finance include BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank, ICBC, JPMorgan Chase & Co, Mizuho Financial Group, Standard Chartered and MUFG, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Trade Finance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Trade Finance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Trade Finance Market Segment Percentages, by Type, 2021 (%)
Guarantees
Letters of Credit
Documentary Collection
Supply Chain Financing
Factoring
Global Trade Finance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Trade Finance Market Segment Percentages, by Application, 2021 (%)
Machinery
Energy
Food and Consumer
Transport
Chemical
Metals & Non Metallic Minerals
Others
Global Trade Finance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Trade Finance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Trade Finance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Trade Finance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BNP Paribas
Bank of China
Citigroup Inc
China Exim Bank
ICBC
JPMorgan Chase & Co
Mizuho Financial Group
Standard Chartered
MUFG
Sumitomo Mitsui Banking Corporation
Credit Agricole
Commerzbank
HSBC
Riyad Bank
Saudi British Bank
ANZ
EBRD
Japan Exim Bank
Banque Saudi Fransi
Afreximbank
AlAhli Bank
Export-Import Bank of India