This report was recently updated on November 17 2024 with the latest and most recent
market numbers
Global Trade Finance Market Size, Trends & Analysis - Forecasts to 2028 By Product Type (Commercial Letters of Credit (LCs), Standby Letters of Credit (LCs), Guarantees, and Others), By Provider (Banks, Trade Finance Houses, and Others), By Application (Domestic and International), By End User (Traders, Importers, and Exporters), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis
The global trade finance market is expected to grow at a CAGR of 3.74% from 2023 to 2028. Trade finance refers to the financial tools and products that facilitate international trade transactions. It enables cross-border trade by offering solutions for various financial risks and challenges. These tools also help mitigate risks associated with currency fluctuations, payment delays, and other trade-related uncertainties.
The trade finance market growth is driven by rapid digitization and globalization. Advancement in technology has enabled more efficient and secure trade finance solutions. The digital functioning of financial institutions allows for remote and easy access. It also reduces physical paperwork and removes the problem of storage. Globalization is also a significant driver. The increasing interconnectedness of the global economy has resulted in a rise in the volume of international trade, driving the demand for trade finance solutions. Moreover, the rise of e-commerce has boosted the opportunities for trade finance for working capital management.
The global trade finance market also has some restraints. The trade finance institutions can come across trade disputes and regulation complexities frequently. Trade finance is subject to ever-changing international regulations, making compliance a significant challenge for financial institutions.
Based on product type, the market is segmented into commercial letters of credit (LCS), standby letters of credit (SBLC), guarantees, and others. Commercial letters of credit segment dominated the market in 2022 and is projected to retain its dominance over the forecast period. They are known to facilitate transactions and provide with security to both buyers and sellers in an international transaction.
Standby letter of credit segment is projected to exhibit the highest CAGR in the forecast period. It is very similar to bank guarantees though it is preferred mainly for international trade. SBLC is known to cover financial risks, demonstrates its financial credibility and commitment to the beneficiary, and is preferred for long-term contracts.
The market is segmented into banks, trade finance houses, and others based on provider. Banks segment is expected to be the dominant segment in the market over the forecast period. This is because banks are heavily regulated and reputable, and the cost of borrowing is lower than non-bank institutions.
The trade finance houses segment is projected to exhibit the highest growth rate in the forecast period. This can be attributed to the fact that they are not as heavily regulated as banks and can raise funding from several sources, such as banks, private investments, and crowdfunding. The lack of heavy regulations also ensures that the process is speedy.
Based on application, the market is segmented into domestic and international. International segment is anticipated to be the largest segment during the forecast period. Trade finance helps mitigate risks associated with international trade such as payment default, currency fluctuations by providing financial instruments like letters of credit. It also helps expand business by providing funds to engage in cross-border trade. Trade finance also helps companies adhere to compliance regulations that are associated with international trade.
Domestic segment is fast emerging and expected to exhibit highest CAGR in the forecast period. It is used to keep a tab on the movement of goods and services across the country and the cashflow. It also helps maintain the working capital and supply chain relationships.
Based on end user, the market is segmented into traders, importers, and exporters. Exporters segment is anticipated to be the largest segment in the market over the forecast period. The growth is attributed to the exporters who often use trade finance to secure payment for their goods or services while dealing with foreign buyers.
The traders segment is projected to exhibit the fastest rate of growth in the forecast period from 2023 to 2028. This can be attributed to the fact that traders include intermediaries who buy and sell without having it in their possession. They use trade finance to optimize the working capital, manage cash flow and reduce risks associated with international trade.
North America is analysed to be the largest region in the global trade finance market during the forecast period. Modern technology is taking over and enabling the growth of trade and financial technology across the region, mainly in the United States. Also, the overall international trade imports and exports are increasing in value, which is also responsible for the growth of the trade finance market.
Asia Pacific is projected to be the fastest-growing region across the global trade finance market. Asia Pacific region has several emerging economies, such as India, Philippines, Japan, Bangladesh, amongst others. These countries are undergoing rapid globalization and experiencing a digital revolution. With the liberalization of trade regulations, imports and exports have increased the demand for trade finance in the region. The e-commerce industry has also grown manifolds, and several small and medium-sized enterprises have registered as sellers, increasing the need for trade finance for ease of currency-related risks and cross-border transactions.
The key players operating in the market are Asian Development Bank, Bank of America Corporation, BNP Paribas S.A., Citigroup Inc., Euler Hermes Group, HSBC Holdings PLC, JPMorgan Chase & Co, Mitsubishi UFJ Financial Inc., The Royal Bank of Scotland Group plc, Standard Chartered PLC., Finastra, Shinhan Bank, GeTS Asia, Sberbank, CGI, we.trade, Ahli United Bank, VTB Bank, TDB, Societe Generale, UniCredit, Arab Bank, BNY Mellon, Converse Bank, Santander, ANZ, BFA, Belfius, Absa Bank, and M&T Bank, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2023, the Asian Development Bank approved capital management reforms that unlock USD 100 billion in new funding capacity over the next decade to address Philippine’s overlapping, simultaneous crises. The expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.
1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS
1.1 Strategic Opportunity & Attractiveness Analysis
1.1.1 Hot Revenue Pockets
1.1.2 Market Attractiveness Score
1.1.3 Revenue Impacting Opportunity
1.1.4 High Growing Region/Country
1.1.5 Competitor Analysis
1.1.6 Consumer Analysis
1.2 Global Market Estimates' View
1.3 Strategic Insights across Business Functions
1.3.1 For Chief Executive Officers
1.3.2 For Chief Marketing Officers
1.3.3 For Chief Strategy Officers
1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into
2 TECHNOLOGICAL TRENDS
2.1 Technological Adoption Rate
2.2 Current Trend Impact Analysis
2.3 Future Trend Impact Analysis
3 GLOBAL MARKET OUTLOOK
3.1 Market Pyramid Analysis
3.1.1 Introduction
3.1.2 Adjacent Market Opportunities
3.1.3 Ancillary Market Opportunities
3.2 Demand Side Analysis
3.2.1 Market Drivers: Impact Analysis
3.2.2 Market Restraints: Impact Analysis
3.2.3 Market Opportunities: Impact Analysis
3.2.4 Market Challenges: Impact Analysis
3.3 Supply Side Analysis
3.3.1 Porter’s Five Forces Analysis
3.3.1.1 Threat of New Entrants
3.3.1.2 Threat of New Substitutes
3.3.1.3 Bargaining Power of Suppliers
3.3.1.4 Bargaining Power of Buyers
3.3.1.5 Intensity of Competitive Rivalry
3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)
3.3.2.1 Political Landscape
3.3.2.2 Economic Landscape
3.3.2.3 Social Landscape
3.3.2.4 Technology Landscape
3.3.3 Value Chain Analysis
3.3.4 Trend Analysis
3.3.5 Gap Analysis
3.3.6 Cost Analysis
4 GLOBAL TRADE FINANCE MARKET, BY PRODUCT TYPE
4.1 Introduction
4.2 Trade Finance Market: Product Type Scope Key Takeaways
4.3 Revenue Growth Analysis, 2022 & 2028
4.4 Commercial Letters of Credit (LCs)
4.4.1 Commercial Letters of Credit (LCs) Market Estimates and Forecast, 2020-2028 (USD Million)
4.5 Standby Letters of Credit (LCs)
4.5.1 Standby Letters of Credit (LCs) Market Estimates and Forecast, 2020-2028 (USD Million)
4.6 Guarantees
4.6.1 Guarantees Market Estimates and Forecast, 2020-2028 (USD Million)
4.7 Others
4.7.1 Others Market Estimates and Forecast, 2020-2028 (USD Million)
5 GLOBAL TRADE FINANCE MARKET, BY PROVIDER
5.1 Introduction
5.2 Trade Finance Market: Provider Scope Key Takeaways
5.3 Revenue Growth Analysis, 2022 & 2028
5.4 Banks
5.4.1 Banks Market Estimates and Forecast, 2020-2028 (USD Million)
5.5 Trade Finance Houses
5.5.1 Trade Finance Houses Market Estimates and Forecast, 2020-2028 (USD Million)
5.6 Others
5.6.1 Others Market Estimates and Forecast, 2020-2028 (USD Million)
6 GLOBAL TRADE FINANCE MARKET, BY APPLICATION
6.1 Introduction
6.2 Trade Finance Market: Application Scope Key Takeaways
6.3 Revenue Growth Analysis, 2022 & 2028
6.4 Domestic
6.4.1 Domestic Market Estimates and Forecast, 2020-2028 (USD Million)
7 GLOBAL TRADE FINANCE MARKET, BY END USER
7.1 Introduction
7.2 Trade Finance Market: End User Scope Key Takeaways
7.3 Revenue Growth Analysis, 2022 & 2028
7.4 Traders
7.4.1 Traders Market Estimates and Forecast, 2020-2028 (USD Million)
7.5 Importers
7.5.1 Importers Market Estimates and Forecast, 2020-2028 (USD Million)
7.6 Exporters
7.6.1 Exporters Market Estimates and Forecast, 2020-2028 (USD Million)
8 GLOBAL TRADE FINANCE MARKET, BY REGION
8.1 Introduction
8.2 North America Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.2.1 By Product Type
8.2.2 By Provider
8.2.3 By Application
8.2.4 By end user
8.2.5 By Country
8.2.5.1 U.S. Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.2.5.1.1 By Product Type
8.2.5.1.2 By Provider
8.2.5.1.3 By Application
8.2.5.1.4 By end user
8.2.5.2 Canada Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.2.5.2.1 By Product Type
8.2.5.2.2 By Provider
8.2.5.2.3 By Application
8.2.5.2.4 By end user
8.2.5.3 Mexico Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.2.5.3.1 By Product Type
8.2.5.3.2 By Provider
8.2.5.3.3 By Application
8.2.5.3.4 By end user
8.3 Europe Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.3.1 By Product Type
8.3.2 By Provider
8.3.3 By Application
8.3.4 By end user
8.3.5 By Country
8.3.5.1 Germany Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.3.5.1.1 By Product Type
8.3.5.1.2 By Provider
8.3.5.1.3 By Application
8.3.5.1.4 By end user
8.3.5.2 U.K. Presered Flowers Market Estimates and Forecast, 2020-2028 (USD Million)
8.3.5.2.1 By Product Type
8.3.5.2.2 By Provider
8.3.5.2.3 By Application
8.3.5.2.4 By end user
8.3.5.3 France Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.3.5.3.1 By Product Type
8.3.5.3.2 By Provider
8.3.5.3.3 By Application
8.3.5.3.4 By end user
8.3.5.4 Italy Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.3.5.4.1 By Product Type
8.3.5.4.2 By Provider
8.3.5.4.3 By Application
8.3.5.4.4 By end user
8.3.5.5 Spain Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.3.5.5.1 By Product Type
8.3.5.5.2 By Provider
8.3.5.5.3 By Application
8.3.5.5.4 By end user
8.3.5.6 Netherlands Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.3.5.6.1 By Product Type
8.3.5.6.2 By Provider
8.3.5.6.3 By Application
8.3.5.6.4 By end user
8.3.5.7 Rest of Europe Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.3.5.7.1 By Product Type
8.3.5.7.2 By Provider
8.3.5.7.3 By Application
8.3.5.7.4 By end user
8.4 Asia Pacific Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.1 By Product Type
8.4.2 By Provider
8.4.3 By Application
8.4.4 By end user
8.4.5 By Country
8.4.5.1 China Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.1.1 By Product Type
8.4.5.1.2 By Provider
8.4.5.1.3 By Application
8.4.5.1.4 By end user
8.4.5.2 Japan Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.2.1 By Product Type
8.4.5.2.2 By Provider
8.4.5.2.3 By Application
8.4.5.2.4 By end user
8.4.5.3 India Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.3.1 By Product Type
8.4.5.3.2 By Provider
8.4.5.3.3 By Application
8.4.5.3.4 By end user
8.4.5.4 South Korea Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.4.1 By Product Type
8.4.5.4.2 By Provider
8.4.5.4.3 By Application
8.4.5.4.4 By end user
8.4.5.5 Singapore Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.5.1 By Product Type
8.4.5.5.2 By Provider
8.4.5.5.3 By Application
8.4.5.5.4 By end user
8.4.5.6 Malaysia Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.6.1 By Product Type
8.4.5.6.2 By Provider
8.4.5.6.3 By Application
8.4.5.6.4 By end user
8.4.5.7 Thailand Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.7.1 By Product Type
8.4.5.7.2 By Provider
8.4.5.7.3 By Application
8.4.5.7.4 By end user
8.4.5.8 Indonesia Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.8.1 By Product Type
8.4.5.8.2 By Provider
8.4.5.8.3 By Application
8.4.5.8.4 By end user
8.4.5.9 Vietnam Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.9.1 By Product Type
8.4.5.9.2 By Provider
8.4.5.9.3 By Application
8.4.5.9.4 By end user
8.4.5.10 Taiwan Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.10.1 By Product Type
8.4.5.10.2 By Provider
8.4.5.10.3 By Application
8.4.5.10.4 By end user
8.4.5.11 Rest of Asia Pacific Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.4.5.11.1 By Product Type
8.4.5.11.2 By Provider
8.4.5.11.3 By Application
8.4.5.11.4 By end user
8.5 Middle East and Africa Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.5.1 By Product Type
8.5.2 By Provider
8.5.3 By Application
8.5.4 By end user
8.5.5 By Country
8.5.5.1 Saudi Arabia Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.5.5.1.1 By Product Type
8.5.5.1.2 By Provider
8.5.5.1.3 By Application
8.5.5.1.4 By end user
8.5.5.2 U.A.E. Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.5.5.2.1 By Product Type
8.5.5.2.2 By Provider
8.5.5.2.3 By Application
8.5.5.2.4 By end user
8.5.5.3 Israel Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.5.4.3.1 By Product Type
8.5.4.3.2 By Provider
8.5.4.3.3 By Application
8.5.5.3.4 By end user
8.5.5.4 South Africa Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.5.5.4.1 By Product Type
8.5.5.4.2 By Provider
8.5.5.4.3 By Application
8.5.5.4.4 By end user
8.5.5.5 Rest of Middle East and Africa Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.5.5.5.1 By Product Type
8.5.5.5.2 By Provider
8.5.5.5.2 By Application
8.5.5.5.4 By end user
8.6 Central & South America Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.6.1 By Product Type
8.6.2 By Provider
8.6.3 By Application
8.6.4 By end user
8.6.5 By Country
8.6.5.1 Brazil Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.6.5.1.1 By Product Type
8.6.5.1.2 By Provider
8.6.5.1.3 By Application
8.6.5.1.4 By end user
8.6.5.2 Argentina Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.6.5.2.1 By Product Type
8.6.5.2.2 By Provider
8.6.5.2.3 By Application
8.6.5.2.4 By end user
8.6.5.3 Chile Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.6.5.3.1 By Product Type
8.6.5.3.2 By Provider
8.6.5.3.3 By Application
8.6.5.5.4 By end user
8.6.5.4 Rest of Central & South America Trade Finance Market Estimates and Forecast, 2020-2028 (USD Million)
8.6.5.4.1 By Product Type
8.6.5.4.2 By Provider
8.6.5.4.3 By Application
8.6.5.4.4 By end user
9 COMPETITIVE LANDCAPE
9.1 Company Market Share Analysis
9.2 Four Quadrant Positioning Matrix
9.2.1 Market Leaders
9.2.2 Market Visionaries
9.2.3 Market Challengers
9.2.4 Niche Market Players
9.3 Vendor Landscape
9.3.1 North America
9.3.2 Europe
9.3.3 Asia Pacific
9.3.4 Rest of the World
9.4 Company Profiles
9.4.1 Asian Development Bank
9.4.1.1 Business Description & Financial Analysis
9.4.1.2 SWOT Analysis
9.4.1.3 Products & Services Offered
9.4.1.4 Strategic Alliances between Business Partners
9.4.2 Bank of America Corporation
9.4.2.1 Business Description & Financial Analysis
9.4.2.2 SWOT Analysis
9.4.2.3 Products & Services Offered
9.4.2.4 Strategic Alliances between Business Partners
9.4.3 BNP Paribas S.A.
9.4.3.1 Business Description & Financial Analysis
9.4.3.2 SWOT Analysis
9.4.3.3 Products & Services Offered
9.4.3.4 Strategic Alliances between Business Partners
9.4.4 Citigroup Inc.
9.4.4.1 Business Description & Financial Analysis
9.4.4.2 SWOT Analysis
9.4.4.3 Products & Services Offered
9.4.4.4 Strategic Alliances between Business Partners
9.4.5 Euler Hermes Group
9.4.5.1 Business Description & Financial Analysis
9.4.5.2 SWOT Analysis
9.4.5.3 Products & Services Offered
9.4.5.4 Strategic Alliances between Business Partners
9.4.6 HSBC HOLDINGS PLC
9.4.6.1 Business Description & Financial Analysis
9.4.6.2 SWOT Analysis
9.4.6.3 Products & Services Offered
9.4.6.4 Strategic Alliances between Business Partners
9.4.7 JPMorgan Chase & Co
9.4.7.1 Business Description & Financial Analysis
9.4.7.2 SWOT Analysis
9.4.7.3 Products & Services Offered
9.4.8.4 Strategic Alliances between Business Partners
9.4.8 Mitsubishi UFJ Financial Inc.
9.4.8.1 Business Description & Financial Analysis
9.4.8.2 SWOT Analysis
9.4.8.3 Products & Services Offered
9.4.8.4 Strategic Alliances between Business Partners
9.4.9 The Royal Bank of Scotland Group plc
9.4.9.1 Business Description & Financial Analysis
9.4.9.2 SWOT Analysis
9.4.9.3 Products & Services Offered
9.4.9.4 Strategic Alliances between Business Partners
9.4.10 Standard Chartered PLC.
9.4.10.1 Business Description & Financial Analysis
9.4.10.2 SWOT Analysis
9.4.10.3 Products & Services Offered
9.4.10.4 Strategic Alliances between Business Partners
9.4.11 Finastra
9.4.11.1 Business Description & Financial Analysis
9.4.11.2 SWOT Analysis
9.4.11.3 Products & Services Offered
9.4.11.4 Strategic Alliances between Business Partners
9.4.12 Shinhan Bank
9.4.12.1 Business Description & Financial Analysis
9.4.12.2 SWOT Analysis
9.4.12.3 Products & Services Offered
9.4.12.4 Strategic Alliances between Business Partners
9.4.13 GeTS Asia
9.4.13.1 Business Description & Financial Analysis
9.4.13.2 SWOT Analysis
9.4.13.3 Products & Services Offered
9.4.13.4 Strategic Alliances between Business Partners
9.4.14 Sberbank Companies
9.4.14.1 Business Description & Financial Analysis
9.4.14.2 SWOT Analysis
9.4.14.3 Products & Services Offered
9.4.14.4 Strategic Alliances between Business Partners
9.4.15 CGI
9.4.15.1 Business Description & Financial Analysis
9.4.15.2 SWOT Analysis
9.4.15.3 Products & Services Offered
9.4.15.4 Strategic Alliances between Business Partners
9.4.16 we.trade
9.4.16.1 Business Description & Financial Analysis
9.4.16.2 SWOT Analysis
9.4.16.3 Products & Services Offered
9.4.16.4 Strategic Alliances between Business Partners
9.4.17 Ahli United Bank Companies
9.4.17.1 Business Description & Financial Analysis
9.4.17.2 SWOT Analysis
9.4.17.3 Products & Services Offered
9.4.17.4 Strategic Alliances between Business Partners
9.4.18 VTB Bank
9.4.18.1 Business Description & Financial Analysis
9.4.18.2 SWOT Analysis
9.4.18.3 Products & Services Offered
9.4.18.4 Strategic Alliances between Business Partners
9.4.19 TDB
9.4.19.1 Business Description & Financial Analysis
9.4.19.2 SWOT Analysis
9.4.19.3 Products & Services Offered
9.4.19.4 Strategic Alliances between Business Partners
9.4.20 Societe Generale
9.4.11.1 Business Description & Financial Analysis
9.4.11.2 SWOT Analysis
9.4.11.3 Products & Services Offered
9.4.11.4 Strategic Alliances between Business Partners
9.4.21 UniCredit
9.4.21.1 Business Description & Financial Analysis
9.4.21.2 SWOT Analysis
9.4.21.3 Products & Services Offered
9.4.21.4 Strategic Alliances between Business Partners
9.4.22 Arab Bank
9.4.22.1 Business Description & Financial Analysis
9.4.22.2 SWOT Analysis
9.4.22.3 Products & Services Offered
9.4.22.4 Strategic Alliances between Business Partners
9.4.23 BNY Mellon
9.4.23.1 Business Description & Financial Analysis
9.4.23.2 SWOT Analysis
9.4.23.3 Products & Services Offered
9.4.23.4 Strategic Alliances between Business Partners
9.4.24 Converse Bank
9.4.24.1 Business Description & Financial Analysis
9.4.24.2 SWOT Analysis
9.4.24.3 Products & Services Offered
9.4.24.4 Strategic Alliances between Business Partners
9.4.25 Santander
9.4.25.1 Business Description & Financial Analysis
9.4.25.2 SWOT Analysis
9.4.25.3 Products & Services Offered
9.4.25.4 Strategic Alliances between Business Partners
9.4.26 ANZ
9.4.26.1 Business Description & Financial Analysis
9.4.26.2 SWOT Analysis
9.4.26.3 Products & Services Offered
9.4.26.4 Strategic Alliances between Business Partners
9.4.27 BFA
9.4.27.1 Business Description & Financial Analysis
9.4.27.2 SWOT Analysis
9.4.27.3 Products & Services Offered
9.4.27.4 Strategic Alliances between Business Partners
9.4.28 Belfius
9.4.28.1 Business Description & Financial Analysis
9.4.28.2 SWOT Analysis
9.4.28.3 Products & Services Offered
9.4.28.4 Strategic Alliances between Business Partners
9.4.29 Absa Bank Companies
9.4.29.1 Business Description & Financial Analysis
9.4.29.2 SWOT Analysis
9.4.29.3 Products & Services Offered
9.4.29.4 Strategic Alliances between Business Partners
9.4.30 M&T Bank
9.4.30.1 Business Description & Financial Analysis
9.4.30.2 SWOT Analysis
9.4.30.3 Products & Services Offered
9.4.11.4 Strategic Alliances between Business Partners
9.4.31 Other Companies
9.4.31.1 Business Description & Financial Analysis
9.4.31.2 SWOT Analysis
9.4.31.3 Products & Services Offered
9.4.31.4 Strategic Alliances between Business Partners
10 RESEARCH METHODOLOGY
10.1 Market Introduction
10.1.1 Market Definition
10.1.2 Market Scope & Segmentation
10.2 Information Procurement
10.2.1 Secondary Research
10.2.1.1 Purchased Databases
10.2.1.2 GMEs Internal Data Repository
10.2.1.3 Secondary Resources & Third Party Perspectives
10.2.1.4 Company Information Sources
10.2.2 Primary Research
10.2.2.1 Various Types of Respondents for Primary Interviews
10.2.2.2 Number of Interviews Conducted throughout the Research Process
10.2.2.3 Primary Stakeholders
10.2.2.4 Discussion Guide for Primary Participants
10.2.3 Expert Panels
10.2.3.1 Expert Panels Across 30+ Industry
10.2.4 Paid Local Experts
10.2.4.1 Paid Local Experts Across 30+ Industry Across each Region
10.3 Market Estimation
10.3.1 Top-Down Approach
10.3.1.1 Macro-Economic Indicators Considered
10.3.1.2 Micro-Economic Indicators Considered
10.3.2 Bottom Up Approach
10.3.2.1 Company Share Analysis Approach
10.3.2.2 Estimation of Potential Product Sales
10.4 Data Triangulation
10.4.1 Data Collection
10.4.2 Time Series, Cross Sectional & Panel Data Analysis
10.4.3 Cluster Analysis
10.5 Analysis and Output
10.5.1 Inhouse AI Based Real Time Analytics Tool
10.5.2 Output From Desk & Primary Research
10.6 Research Assumptions & Limitations
10.7.1 Research Assumptions
10.7.2 Research Limitations
LIST OF TABLES
1 Global Trade Finance Market, By Product Type, 2020-2028 (USD Mllion)
2 Commercial Letters of Credit (LCs) Market, By Region, 2020-2028 (USD Mllion)
3 Standby Letters of Credit (LCs) Market, By Region, 2020-2028 (USD Mllion)
4 Guarantees Market, By Region, 2020-2028 (USD Mllion)
5 Others Market, By Region, 2020-2028 (USD Mllion)
6 Global Trade Finance Market, By Provider, 2020-2028 (USD Mllion)
7 Banks Market, By Region, 2020-2028 (USD Mllion)
8 Trade Finance Houses Market, By Region, 2020-2028 (USD Mllion)
9 Others Market, By Region, 2020-2028 (USD Mllion)
10 Global Trade Finance Market, By Application, 2020-2028 (USD Mllion)
11 Domestic Market, By Region, 2020-2028 (USD Mllion)
12 International Market, By Region, 2020-2028 (USD Mllion)
13 Global Trade Finance Market, By end user, 2020-2028 (USD Mllion)
14 Traders Market, By Region, 2020-2028 (USD Mllion)
15 Importers Market, By Region, 2020-2028 (USD Mllion)
16 Exporters Market, By Region, 2020-2028 (USD Mllion)
17 Regional Analysis, 2020-2028 (USD Mllion)
18 North America Trade Finance Market, By Product Type, 2020-2028 (USD Million)
19 North America Trade Finance Market, By Provider, 2020-2028 (USD Million)
20 North America Trade Finance Market, By Application, 2020-2028 (USD Million)
21 North America Trade Finance Market, By end user, 2020-2028 (USD Million)
22 North America Trade Finance Market, By Country, 2020-2028 (USD Million)
23 U.S Trade Finance Market, By Product Type, 2020-2028 (USD Million)
24 U.S Trade Finance Market, By Provider, 2020-2028 (USD Million)
25 U.S Trade Finance Market, By Application, 2020-2028 (USD Million)
26 U.S Trade Finance Market, By end user, 2020-2028 (USD Million)
27 Canada Trade Finance Market, By Product Type, 2020-2028 (USD Million)
28 Canada Trade Finance Market, By Provider, 2020-2028 (USD Million)
29 Canada Trade Finance Market, By Application, 2020-2028 (USD Million)
30 CANADA Trade Finance Market, By end user, 2020-2028 (USD Million)
31 Mexico Trade Finance Market, By Product Type, 2020-2028 (USD Million)
32 Mexico Trade Finance Market, By Provider, 2020-2028 (USD Million)
33 Mexico Trade Finance Market, By Application, 2020-2028 (USD Million)
34 mexico Trade Finance Market, By end user, 2020-2028 (USD Million)
35 Europe Trade Finance Market, By Product Type, 2020-2028 (USD Million)
36 Europe Trade Finance Market, By Provider, 2020-2028 (USD Million)
37 Europe Trade Finance Market, By Application, 2020-2028 (USD Million)
38 europe Trade Finance Market, By end user, 2020-2028 (USD Million)
39 Germany Trade Finance Market, By Product Type, 2020-2028 (USD Million)
40 Germany Trade Finance Market, By Provider, 2020-2028 (USD Million)
41 Germany Trade Finance Market, By Application, 2020-2028 (USD Million)
42 germany Trade Finance Market, By end user, 2020-2028 (USD Million)
43 UK Trade Finance Market, By Product Type, 2020-2028 (USD Million)
44 UK Trade Finance Market, By Provider, 2020-2028 (USD Million)
45 UK Trade Finance Market, By Application, 2020-2028 (USD Million)
46 U.kTrade Finance Market, By end user, 2020-2028 (USD Million)
47 France Trade Finance Market, By Product Type, 2020-2028 (USD Million)
48 France Trade Finance Market, By Provider, 2020-2028 (USD Million)
49 France Trade Finance Market, By Application, 2020-2028 (USD Million)
50 france Trade Finance Market, By end user, 2020-2028 (USD Million)
51 Italy Trade Finance Market, By Product Type, 2020-2028 (USD Million)
52 Italy Trade Finance Market, By T Preservation Technique Type, 2020-2028 (USD Million)
53 Italy Trade Finance Market, By Application, 2020-2028 (USD Million)
54 italy Trade Finance Market, By end user, 2020-2028 (USD Million)
55 Spain Trade Finance Market, By Product Type, 2020-2028 (USD Million)
56 Spain Trade Finance Market, By Provider, 2020-2028 (USD Million)
57 Spain Trade Finance Market, By Application, 2020-2028 (USD Million)
58 spain Trade Finance Market, By end user, 2020-2028 (USD Million)
59 Rest Of Europe Trade Finance Market, By Product Type, 2020-2028 (USD Million)
60 Rest Of Europe Trade Finance Market, By Provider, 2020-2028 (USD Million)
61 Rest of Europe Trade Finance Market, By Application, 2020-2028 (USD Million)
62 REST OF EUROPE Trade Finance Market, By end user, 2020-2028 (USD Million)
63 Asia Pacific Trade Finance Market, By Product Type, 2020-2028 (USD Million)
64 Asia Pacific Trade Finance Market, By Provider, 2020-2028 (USD Million)
65 Asia Pacific Trade Finance Market, By Application, 2020-2028 (USD Million)
66 asia Trade Finance Market, By end user, 2020-2028 (USD Million)
67 Asia Pacific Trade Finance Market, By Country, 2020-2028 (USD Million)
68 China Trade Finance Market, By Product Type, 2020-2028 (USD Million)
69 China Trade Finance Market, By Provider, 2020-2028 (USD Million)
70 China Trade Finance Market, By Application, 2020-2028 (USD Million)
71 china Trade Finance Market, By end user, 2020-2028 (USD Million)
72 India Trade Finance Market, By Product Type, 2020-2028 (USD Million)
73 India Trade Finance Market, By Provider, 2020-2028 (USD Million)
74 India Trade Finance Market, By Application, 2020-2028 (USD Million)
75 india Trade Finance Market, By end user, 2020-2028 (USD Million)
76 Japan Trade Finance Market, By Product Type, 2020-2028 (USD Million)
77 Japan Trade Finance Market, By Provider, 2020-2028 (USD Million)
78 Japan Trade Finance Market, By Application, 2020-2028 (USD Million)
79 japan Trade Finance Market, By end user, 2020-2028 (USD Million)
80 South Korea Trade Finance Market, By Product Type, 2020-2028 (USD Million)
81 South Korea Trade Finance Market, By Provider, 2020-2028 (USD Million)
82 South Korea Trade Finance Market, By Application, 2020-2028 (USD Million)
83 south korea Trade Finance Market, By end user, 2020-2028 (USD Million)
84 Middle East and Africa Trade Finance Market, By Product Type, 2020-2028 (USD Million)
85 Middle East and Africa Trade Finance Market, By Provider, 2020-2028 (USD Million)
86 Middle East and Africa Trade Finance Market, By Application, 2020-2028 (USD Million)
87 MIDDLE EAST AND AFRICA Trade Finance Market, By end user, 2020-2028 (USD Million)
88 Middle East and Africa Trade Finance Market, By Country, 2020-2028 (USD Million)
89 Saudi Arabia Trade Finance Market, By Product Type, 2020-2028 (USD Million)
90 Saudi Arabia Trade Finance Market, By Provider, 2020-2028 (USD Million)
91 Saudi Arabia Trade Finance Market, By Application, 2020-2028 (USD Million)
92 saudi arabia Trade Finance Market, By end user, 2020-2028 (USD Million)
93 UAE Trade Finance Market, By Product Type, 2020-2028 (USD Million)
94 UAE Trade Finance Market, By Provider, 2020-2028 (USD Million)
95 UAE Trade Finance Market, By Application, 2020-2028 (USD Million)
96 uae Trade Finance Market, By end user, 2020-2028 (USD Million)
97 Central & South America Trade Finance Market, By Product Type, 2020-2028 (USD Million)
98 Central & South America Trade Finance Market, By Provider, 2020-2028 (USD Million)
99 Central & South America Trade Finance Market, By Application, 2020-2028 (USD Million)
100 CENTRAL & SOUTH AMERICA Trade Finance Market, By end user, 2020-2028 (USD Million)
101 Central & South America Trade Finance Market, By Country, 2020-2028 (USD Million)
102 Brazil Trade Finance Market, By Product Type, 2020-2028 (USD Million)
103 Brazil Trade Finance Market, By Provider, 2020-2028 (USD Million)
104 Brazil Trade Finance Market, By Application, 2020-2028 (USD Million)
105 brazil Trade Finance Market, By end user, 2020-2028 (USD Million)
106 Asian Development Bank: Products & Services Offering
107 Bank of America Corporation: Products & Services Offering
108 BNP Paribas S.A.: Products & Services Offering
109 Citigroup Inc.: Products & Services Offering
110 Euler Hermes Group: Products & Services Offering
111 HSBC HOLDINGS PLC: Products & Services Offering
112 JPMorgan Chase & Co: Products & Services Offering
113 Mitsubishi UFJ Financial Inc.: Products & Services Offering
114 The Royal Bank of Scotland Group plc: Products & Services Offering
115 Standard Chartered PLC.: Products & Services Offering
116 Finastra: Products & Services Offering
117 Shinhan Bank: Products & Services Offering
118 GeTS Asia: Products & Services Offering
119 Sberbank: Products & Services Offering
120 CGI: Products & Services Offering
121 we.trade: Products & Services Offering
122 Ahli United Bank: Products & Services Offering
123 VTB Bank: Products & Services Offering
124 TDB: Products & Services Offering
125 Societe Generale: Products & Services Offering
126 UniCredit: Products & Services Offering
127 Arab Bank: Products & Services Offering
128 BNY Mellon: Products & Services Offering
129 Converse Bank: Products & Services Offering
130 Santander: Products & Services Offering
131 ANZ: Products & Services Offering
132 BFA: Products & Services Offering
133 Belfius: Products & Services Offering
134 Absa Bank: Products & Services Offering
135 M&T Bank: Products & Services Offering
136 Other Companies: Products & Services Offering
LIST OF FIGURES
1 Global Trade Finance Market Overview
2 Global Trade Finance Market Value From 2020-2028 (USD Mllion)
3 Global Trade Finance Market Share, By Product Type (2022)
4 Global Trade Finance Market Share, By Provider (2022)
5 Global Trade Finance Market Share, By Application (2022)
6 Global Trade Finance Market Share, By end user (2022)
7 Global Trade Finance Market, By Region (Asia Pacific Market)
8 Technological Trends In Global Trade Finance Market
9 Four Quadrant Competitor Positioning Matrix
10 Impact Of Macro & Micro Indicators On The Market
11 Impact Of Key Drivers On The Global Trade Finance Market
12 Impact Of Challenges On The Global Trade Finance Market
13 Porter’s Five Forces Analysis
14 Global Trade Finance Market: By Product Type Scope Key Takeaways
15 Global Trade Finance Market, By Product Type Segment: Revenue Growth Analysis
16 Commercial Letters of Credit (LCs) Market, By Region, 2020-2028 (USD Mllion)
17 Standby Letters of Credit (LCs) Market, By Region, 2020-2028 (USD Mllion)
18 Guarantees Market, By Region, 2020-2028 (USD Mllion)
19 Others Market, By Region, 2020-2028 (USD Mllion)
20 Global Trade Finance Market: By Provider Scope Key Takeaways
21 Global Trade Finance Market, By Provider Segment: Revenue Growth Analysis
22 Banks Market, By Region, 2020-2028 (USD Mllion)
23 Trade Finance Houses Market, By Region, 2020-2028 (USD Mllion)
24 Others Market, By Region, 2020-2028 (USD Mllion)
25 Global Trade Finance Market: By Application Scope Key Takeaways
26 Global Trade Finance Market, By Application Segment: Revenue Growth Analysis
27 Domestic Market, By Region, 2020-2028 (USD Mllion)
28 International Market, By Region, 2020-2028 (USD Mllion)
29 Global Trade Finance Market: By end user Scope Key Takeaways
30 Global Trade Finance Market, By end user Segment: Revenue Growth Analysis
31 Traders Market, By Region, 2020-2028 (USD Mllion)
32 Importers Market, By Region, 2020-2028 (USD Mllion)
33 Exporters Market, By Region, 2020-2028 (USD Mllion)
34 Regional Segment: Revenue Growth Analysis
35 Global Trade Finance Market: Regional Analysis
36 North America Trade Finance Market Overview
37 North America Trade Finance Market, By Product Type
38 North America Trade Finance Market, By Provider
39 North America Trade Finance Market, By Application
40 North America Trade Finance Market, By end user
41 North America Trade Finance Market, By Country
42 U.S. Trade Finance Market, By Product Type
43 U.S. Trade Finance Market, By Provider
44 U.S. Trade Finance Market, By Application
45 U.S. Trade Finance Market, By end user
46 Canada Trade Finance Market, By Product Type
47 Canada Trade Finance Market, By Provider
48 Canada Trade Finance Market, By Application
49 Canada Trade Finance Market, By end user
50 Mexico Trade Finance Market, By Product Type
51 Mexico Trade Finance Market, By Provider
52 Mexico Trade Finance Market, By Application
53 Mexico Trade Finance Market, By end user
54 Four Quadrant Positioning Matrix
55 Company Market Share Analysis
56 Asian Development Bank: Company Snapshot
57 Asian Development Bank: SWOT Analysis
58 Asian Development Bank: Geographic Presence
59 Bank of America Corporation: Company Snapshot
60 Bank of America Corporation: SWOT Analysis
61 Bank of America Corporation: Geographic Presence
62 BNP Paribas S.A.: Company Snapshot
63 BNP Paribas S.A.: SWOT Analysis
64 BNP Paribas S.A.: Geographic Presence
65 Citigroup Inc.: Company Snapshot
66 Citigroup Inc.: Swot Analysis
67 Citigroup Inc.: Geographic Presence
68 Euler Hermes Group: Company Snapshot
69 Euler Hermes Group: SWOT Analysis
70 Euler Hermes Group: Geographic Presence
71 HSBC HOLDINGS PLC: Company Snapshot
72 HSBC HOLDINGS PLC: SWOT Analysis
73 HSBC HOLDINGS PLC: Geographic Presence
74 JPMorgan Chase & Co: Company Snapshot
75 JPMorgan Chase & Co: SWOT Analysis
76 JPMorgan Chase & Co: Geographic Presence
77 Mitsubishi UFJ Financial Inc.: Company Snapshot
78 Mitsubishi UFJ Financial Inc.: SWOT Analysis
79 Mitsubishi UFJ Financial Inc.: Geographic Presence
80 The Royal Bank of Scotland Group plc.: Company Snapshot
81 The Royal Bank of Scotland Group plc.: SWOT Analysis
82 The Royal Bank of Scotland Group plc.: Geographic Presence
83 Standard Chartered PLC.: Company Snapshot
84 Standard Chartered PLC.: SWOT Analysis
85 Standard Chartered PLC.: Geographic Presence
86 Finastra: Company Snapshot
87 Finastra: SWOT Analysis
88 Finastra: Geographic Presence
89 Shinhan Bank: Company Snapshot
90 Shinhan Bank: SWOT Analysis
91 Shinhan Bank: Geographic Presence
92 GeTS Asia: Company Snapshot
93 GeTS Asia: SWOT Analysis
94 GeTS Asia: Geographic Presence
95 Sberbank: Company Snapshot
96 Sberbank: SWOT Analysis
97 Sberbank: Geographic Presence
98 CGI: Company Snapshot
99 CGI: SWOT Analysis
100 CGI: Geographic Presence
101 we.trade: Company Snapshot
102 we.trade: SWOT Analysis
103 we.trade: Geographic Presence
104 Ahli United Bank: Company Snapshot
105 Ahli United Bank: SWOT Analysis
106 Ahli United Bank: Geographic Presence
107 VTB Bank: Company Snapshot
108 VTB Bank: SWOT Analysis
109 VTB Bank: Geographic Presence
110 TDB: Company Snapshot
111 TDB: SWOT Analysis
112 TDB: Geographic Presence
113 Societe Generale: Company Snapshot
114 Societe Generale: SWOT Analysis
115 Societe Generale: Geographic Presence
116 UniCredit: Company Snapshot
117 UniCredit: SWOT Analysis
118 UniCredit: Geographic Presence
119 Arab Bank: Company Snapshot
120 Arab Bank: SWOT Analysis
121 Arab Bank: Geographic Presence
122 BNY Mellon: Company Snapshot
123 BNY Mellon: SWOT Analysis
124 BNY Mellon: Geographic Presence
125 Converse Bank: Company Snapshot
126 Converse Bank: SWOT Analysis
127 Converse Bank: Geographic Presence
128 Santander: Company Snapshot
129 Santander: SWOT Analysis
130 Santander: Geographic Presence
131 ANZ: Company Snapshot
132 ANZ: SWOT Analysis
133 ANZ: Geographic Presence
134 BFA: Company Snapshot
135 BFA: SWOT Analysis
136 BFA: Geographic Presence
137 Belfius: Company Snapshot
138 Belfius: SWOT Analysis
139 Belfius: Geographic Presence
140 Absa Bank : Company Snapshot
141 Absa Bank : SWOT Analysis
142 Absa Bank : Geographic Presence
143 M&T Bank: Company Snapshot
144 M&T Bank: SWOT Analysis
145 M&T Bank: Geographic Presence
146 Other Companies: Company Snapshot
147 Other Companies: SWOT Analysis
148 Other Companies: Geographic Presence
The Global Trade Finance Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Trade Finance Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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