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Report Overview
The global trade finance market size reached approximately USD 45.79 billion in 2023. The market is projected to grow at a CAGR of 4.3% between 2024 and 2032, reaching a value of around USD 66.74 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- A primary function of trade finance is to manage risks associated with international trade, including credit risk.
- Supply chain finance is a growing segment within trade finance, focusing on optimising working capital and strengthening supply chains.
- The trade finance market is undergoing significant digitalisation, with technologies like blockchain, AI, and the Internet of Things (IoT).
Trade Finance Market Trends
Sustainable trade finance is an emerging trend that aligns financial services with sustainable development goals, focusing on supporting trade transactions that meet specific Environmental, Social, and Governance (ESG) criteria. This approach integrates sustainability considerations into financial operations, aiming to promote responsible business practices and contribute to a more sustainable global economy.
Trade finance instruments are increasingly used to support transactions involving goods and services that have a positive environmental impact. This includes the trade of renewable energy equipment, sustainable agriculture products, and other goods that contribute to environmental conservation and the reduction of carbon emissions, promoting the trade finance market expansion.
In October 2023, supply chain FinTech firm Twinco Capital, secured a significant financial boost by obtaining an additional facility of USD 53 million from BBVA Spark. This funding was a strategic move to support small to medium-sized enterprises (SMEs) in emerging countries by providing them with much-needed access to trade finance. The financial support from BBVA Spark was aimed at addressing a crucial gap in the market which is the lack of accessible financing options for SMEs in developing regions.
Trade Finance Market Report Snapshots
Trade Finance Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global trade finance market reached a value of USD 45.79 billion in 2023.
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 66.74 billion by 2032.
The key trends guiding the growth of the market include the improved inventory management by different companies and increased digitalisation.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Supply chain finance, structured trade finance, and traditional trade finance are the major types in the market.
The several end users of trade finance are exporters, importers, and traders, among others.
The significant service providers in the market include banks and trade finance houses, among others.
The major drivers of the market include rapid urbanisation and globalisation, the development of risk management applications for financial sectors, technological advancements and enhanced strategic formulation, the adoption of structuring and pricing tools, and the availability of easy procedures for short-term financing.
The major players in the market are Citigroup Inc., Asian Development Bank, DBS Bank Ltd, JPMorgan Chase & Co., BNP Paribas, HSBC Holdings PLC, Euler Hermes, and Standard Chartered Bank, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124