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.
Highlights
The global Trade Finance market was valued at US$ 8483660 million in 2022 and is anticipated to reach US$ 11631260 million by 2029, witnessing a CAGR of 5.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The 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; the Value of top ten manufacturers accounts about 14% of the total Value in 2019.
In terms of service types, Trade Finance can be generally divided into Guarantees, Letters of Credit, Documentary Collection, Supply Chain Financing and Factoring. In 2019, the proportion of Letters of Credit is the largest, accounting for about 39%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Trade Finance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Trade Finance.
The Trade Finance market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Trade Finance market comprehensively. Regional market sizes, concerning products by type, by industry, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Trade Finance companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by industry, and by regions.
By Company
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
Segment by Type
Guarantees
Letters of Credit
Documentary Collection
Supply Chain Financing
Factoring
Segment by Industry
Machinery
Energy
Food and Consumer
Transport
Chemical
Metals & Non Metallic Minerals
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, industry, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Trade Finance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by industry, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global Trade Finance Âé¶¹Ô´´ Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Guarantees
1.2.3 Letters of Credit
1.2.4 Documentary Collection
1.2.5 Supply Chain Financing
1.2.6 Factoring
1.3 Âé¶¹Ô´´ by Industry
1.3.1 Global Trade Finance Âé¶¹Ô´´ Growth by Industry: 2018 VS 2022 VS 2029
1.3.2 Machinery
1.3.3 Energy
1.3.4 Food and Consumer
1.3.5 Transport
1.3.6 Chemical
1.3.7 Metals & Non Metallic Minerals
1.3.8 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Trade Finance Âé¶¹Ô´´ Perspective (2018-2029)
2.2 Trade Finance Growth Trends by Region
2.2.1 Global Trade Finance Âé¶¹Ô´´ Size by Region: 2018 VS 2022 VS 2029
2.2.2 Trade Finance Historic Âé¶¹Ô´´ Size by Region (2018-2023)
2.2.3 Trade Finance Forecasted Âé¶¹Ô´´ Size by Region (2024-2029)
2.3 Trade Finance Âé¶¹Ô´´ Dynamics
2.3.1 Trade Finance Industry Trends
2.3.2 Trade Finance Âé¶¹Ô´´ Drivers
2.3.3 Trade Finance Âé¶¹Ô´´ Challenges
2.3.4 Trade Finance Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Trade Finance Players by Revenue
3.1.1 Global Top Trade Finance Players by Revenue (2018-2023)
3.1.2 Global Trade Finance Revenue Âé¶¹Ô´´ Share by Players (2018-2023)
3.2 Global Trade Finance Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Trade Finance Revenue
3.4 Global Trade Finance Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global Trade Finance Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Trade Finance Revenue in 2022
3.5 Trade Finance Key Players Head office and Area Served
3.6 Key Players Trade Finance Product Solution and Service
3.7 Date of Enter into Trade Finance Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 Trade Finance Breakdown Data by Type
4.1 Global Trade Finance Historic Âé¶¹Ô´´ Size by Type (2018-2023)
4.2 Global Trade Finance Forecasted Âé¶¹Ô´´ Size by Type (2024-2029)
5 Trade Finance Breakdown Data by Industry
5.1 Global Trade Finance Historic Âé¶¹Ô´´ Size by Industry (2018-2023)
5.2 Global Trade Finance Forecasted Âé¶¹Ô´´ Size by Industry (2024-2029)
6 North America
6.1 North America Trade Finance Âé¶¹Ô´´ Size (2018-2029)
6.2 North America Trade Finance Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Trade Finance Âé¶¹Ô´´ Size by Country (2018-2023)
6.4 North America Trade Finance Âé¶¹Ô´´ Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Trade Finance Âé¶¹Ô´´ Size (2018-2029)
7.2 Europe Trade Finance Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Trade Finance Âé¶¹Ô´´ Size by Country (2018-2023)
7.4 Europe Trade Finance Âé¶¹Ô´´ Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Trade Finance Âé¶¹Ô´´ Size (2018-2029)
8.2 Asia-Pacific Trade Finance Âé¶¹Ô´´ Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Trade Finance Âé¶¹Ô´´ Size by Region (2018-2023)
8.4 Asia-Pacific Trade Finance Âé¶¹Ô´´ Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Trade Finance Âé¶¹Ô´´ Size (2018-2029)
9.2 Latin America Trade Finance Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Trade Finance Âé¶¹Ô´´ Size by Country (2018-2023)
9.4 Latin America Trade Finance Âé¶¹Ô´´ Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Trade Finance Âé¶¹Ô´´ Size (2018-2029)
10.2 Middle East & Africa Trade Finance Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Trade Finance Âé¶¹Ô´´ Size by Country (2018-2023)
10.4 Middle East & Africa Trade Finance Âé¶¹Ô´´ Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 BNP Paribas
11.1.1 BNP Paribas Company Detail
11.1.2 BNP Paribas Business Overview
11.1.3 BNP Paribas Trade Finance Introduction
11.1.4 BNP Paribas Revenue in Trade Finance Business (2018-2023)
11.1.5 BNP Paribas Recent Development
11.2 Bank of China
11.2.1 Bank of China Company Detail
11.2.2 Bank of China Business Overview
11.2.3 Bank of China Trade Finance Introduction
11.2.4 Bank of China Revenue in Trade Finance Business (2018-2023)
11.2.5 Bank of China Recent Development
11.3 Citigroup Inc
11.3.1 Citigroup Inc Company Detail
11.3.2 Citigroup Inc Business Overview
11.3.3 Citigroup Inc Trade Finance Introduction
11.3.4 Citigroup Inc Revenue in Trade Finance Business (2018-2023)
11.3.5 Citigroup Inc Recent Development
11.4 China Exim Bank
11.4.1 China Exim Bank Company Detail
11.4.2 China Exim Bank Business Overview
11.4.3 China Exim Bank Trade Finance Introduction
11.4.4 China Exim Bank Revenue in Trade Finance Business (2018-2023)
11.4.5 China Exim Bank Recent Development
11.5 ICBC
11.5.1 ICBC Company Detail
11.5.2 ICBC Business Overview
11.5.3 ICBC Trade Finance Introduction
11.5.4 ICBC Revenue in Trade Finance Business (2018-2023)
11.5.5 ICBC Recent Development
11.6 JPMorgan Chase & Co
11.6.1 JPMorgan Chase & Co Company Detail
11.6.2 JPMorgan Chase & Co Business Overview
11.6.3 JPMorgan Chase & Co Trade Finance Introduction
11.6.4 JPMorgan Chase & Co Revenue in Trade Finance Business (2018-2023)
11.6.5 JPMorgan Chase & Co Recent Development
11.7 Mizuho Financial Group
11.7.1 Mizuho Financial Group Company Detail
11.7.2 Mizuho Financial Group Business Overview
11.7.3 Mizuho Financial Group Trade Finance Introduction
11.7.4 Mizuho Financial Group Revenue in Trade Finance Business (2018-2023)
11.7.5 Mizuho Financial Group Recent Development
11.8 Standard Chartered
11.8.1 Standard Chartered Company Detail
11.8.2 Standard Chartered Business Overview
11.8.3 Standard Chartered Trade Finance Introduction
11.8.4 Standard Chartered Revenue in Trade Finance Business (2018-2023)
11.8.5 Standard Chartered Recent Development
11.9 MUFG
11.9.1 MUFG Company Detail
11.9.2 MUFG Business Overview
11.9.3 MUFG Trade Finance Introduction
11.9.4 MUFG Revenue in Trade Finance Business (2018-2023)
11.9.5 MUFG Recent Development
11.10 Sumitomo Mitsui Banking Corporation
11.10.1 Sumitomo Mitsui Banking Corporation Company Detail
11.10.2 Sumitomo Mitsui Banking Corporation Business Overview
11.10.3 Sumitomo Mitsui Banking Corporation Trade Finance Introduction
11.10.4 Sumitomo Mitsui Banking Corporation Revenue in Trade Finance Business (2018-2023)
11.10.5 Sumitomo Mitsui Banking Corporation Recent Development
11.11 Credit Agricole
11.11.1 Credit Agricole Company Detail
11.11.2 Credit Agricole Business Overview
11.11.3 Credit Agricole Trade Finance Introduction
11.11.4 Credit Agricole Revenue in Trade Finance Business (2018-2023)
11.11.5 Credit Agricole Recent Development
11.12 Commerzbank
11.12.1 Commerzbank Company Detail
11.12.2 Commerzbank Business Overview
11.12.3 Commerzbank Trade Finance Introduction
11.12.4 Commerzbank Revenue in Trade Finance Business (2018-2023)
11.12.5 Commerzbank Recent Development
11.13 HSBC
11.13.1 HSBC Company Detail
11.13.2 HSBC Business Overview
11.13.3 HSBC Trade Finance Introduction
11.13.4 HSBC Revenue in Trade Finance Business (2018-2023)
11.13.5 HSBC Recent Development
11.14 Riyad Bank
11.14.1 Riyad Bank Company Detail
11.14.2 Riyad Bank Business Overview
11.14.3 Riyad Bank Trade Finance Introduction
11.14.4 Riyad Bank Revenue in Trade Finance Business (2018-2023)
11.14.5 Riyad Bank Recent Development
11.15 Saudi British Bank
11.15.1 Saudi British Bank Company Detail
11.15.2 Saudi British Bank Business Overview
11.15.3 Saudi British Bank Trade Finance Introduction
11.15.4 Saudi British Bank Revenue in Trade Finance Business (2018-2023)
11.15.5 Saudi British Bank Recent Development
11.16 ANZ
11.16.1 ANZ Company Detail
11.16.2 ANZ Business Overview
11.16.3 ANZ Trade Finance Introduction
11.16.4 ANZ Revenue in Trade Finance Business (2018-2023)
11.16.5 ANZ Recent Development
11.17 EBRD
11.17.1 EBRD Company Detail
11.17.2 EBRD Business Overview
11.17.3 EBRD Trade Finance Introduction
11.17.4 EBRD Revenue in Trade Finance Business (2018-2023)
11.17.5 EBRD Recent Development
11.18 Japan Exim Bank
11.18.1 Japan Exim Bank Company Detail
11.18.2 Japan Exim Bank Business Overview
11.18.3 Japan Exim Bank Trade Finance Introduction
11.18.4 Japan Exim Bank Revenue in Trade Finance Business (2018-2023)
11.18.5 Japan Exim Bank Recent Development
11.19 Banque Saudi Fransi
11.19.1 Banque Saudi Fransi Company Detail
11.19.2 Banque Saudi Fransi Business Overview
11.19.3 Banque Saudi Fransi Trade Finance Introduction
11.19.4 Banque Saudi Fransi Revenue in Trade Finance Business (2018-2023)
11.19.5 Banque Saudi Fransi Recent Development
11.20 Afreximbank
11.20.1 Afreximbank Company Detail
11.20.2 Afreximbank Business Overview
11.20.3 Afreximbank Trade Finance Introduction
11.20.4 Afreximbank Revenue in Trade Finance Business (2018-2023)
11.20.5 Afreximbank Recent Development
11.21 AlAhli Bank
11.21.1 AlAhli Bank Company Detail
11.21.2 AlAhli Bank Business Overview
11.21.3 AlAhli Bank Trade Finance Introduction
11.21.4 AlAhli Bank Revenue in Trade Finance Business (2018-2023)
11.21.5 AlAhli Bank Recent Development
11.22 Export-Import Bank of India
11.22.1 Export-Import Bank of India Company Detail
11.22.2 Export-Import Bank of India Business Overview
11.22.3 Export-Import Bank of India Trade Finance Introduction
11.22.4 Export-Import Bank of India Revenue in Trade Finance Business (2018-2023)
11.22.5 Export-Import Bank of India Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
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
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*If Applicable.