The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global trade finance market was valued at US$ 44.8 Billion in 2021.
We expect the global trade finance market to exhibit a CAGR of 6.57% during 2022-2027.
The expanding BFSI sector, along with the rising utilization of trade finance for document identification
and simplifying trade transactions, is primarily driving the global trade finance market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of digitized trade
financing operations via numerous electronic systems, such as Optical Character Recognition (OCR),
Quick Response (QR) codes, and Radio Frequency Identification (RFID) readers, to remotely manage
trade and commerce operations.
Based on the finance type, the global trade finance market has been divided into structured trade
finance, supply chain finance, and traditional trade finance. Currently, supply chain finance exhibits a
clear dominance in the market.
Based on the offering, the global trade finance market can be categorized into letters of credit, bill of
lading, export factoring, insurance, and others. Among these, letters of credit offering holds the majority
of the total market share.
Based on the service provider, the global trade finance market has been segmented into banks and
trade finance houses, where banks represent the largest market share.
Based on the end-user, the global trade finance market can be bifurcated into Small and Medium Sized
Enterprises (SMEs) and large enterprises. Currently, large enterprises account for the majority of the
total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global trade finance market include Asian Development Bank, Banco
Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Euler
Hermes, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Mitsubishi Ufj Financial
Group Inc., Morgan Stanley, Royal Bank of Scotland, Standard Chartered Bank, Wells Fargo & Co., etc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at