Global and United States Trade Finance Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States Trade Finance Market
This report focuses on global and United States Trade Finance market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Trade Finance market size is estimated to be worth US$ 8483660 million in 2022 and is forecast to a readjusted size of US$ 11631260 million by 2028 with a CAGR of 5.4% during the review period. Fully considering the economic change by this health crisis, by Type, Guarantees accounting for % of the Trade Finance global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Machinery was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Global key players of trade finance include BNP Paribasm, Bank of China, etc. Global top 3 companies hold a share over 10%. Europe is the largest market, with a share about 40%, followed by Asia Pacific and North America with the share about 30% and 20%. In terms of product, letters of credit is the largest segment, with a share over 40%. And in terms of application, the largest application is energy industry, with a share about 30%.
Global Trade Finance Scope and Market Size
Trade Finance market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Trade Finance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Trade Finance market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Guarantees
Letters of Credit
Documentary Collection
Supply Chain Financing
Factoring
Segment by Application
Machinery
Energy
Food and Consumer
Transport
Chemical
Metals & Non Metallic Minerals
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
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