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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.
LPI (LP Information)' newest research report, the "Trade Finance Industry Forecast" looks at past sales and reviews total world Trade Finance sales in 2022, providing a comprehensive analysis by region and market sector of projected Trade Finance sales for 2023 through 2029. With Trade Finance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Trade Finance industry.
This Insight Report provides a comprehensive analysis of the global Trade Finance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Trade Finance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Trade Finance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Trade Finance and breaks down the forecast by type, by industry, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Trade Finance.
The global Trade Finance market size is projected to grow from US$ 7839800 million in 2022 to US$ 11481650 million in 2029; it is expected to grow at a CAGR of 5.6% from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Trade Finance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
- Guarantees
- Letters of Credit
- Documentary Collection
- Supply Chain Financing
- Factoring
Segmentation by industry
- Machinery
- Energy
- Food and Consumer
- Transport
- Chemical
- Metals & Non Metallic Minerals
- Others
The below companies that are profiled
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- 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