Trade Finance Market was worth USD 10.5 trillion in 2024 and is likely to find a CAGR of more than 5.4% from 2025 to 2035. Various organizations are placing investments in new-age technologies to drive the market growth. Fintech firms are creating blockchain-led solutions to simplify and make trade transactions more secure. Governments are developing digital trade finance ecosystems to promote global trade. Financial institutions and banks are using automation and AI to simplify trade finance transactions, cutting on paperwork and lead times.
The emergence of paperless guaranteed solutions, including Lloyds Bank’s Paperless Guarantee, is leading to the growth of the trade finance market. The digitalization of bank guarantees and letters of credit greatly lessens the administrative burden and streamlines the transaction process.
Get Your free Sample Report –
https://www.marketinsightsresearch.com/request/download/8/1627/Trade-Finance-Market
| Report Attribute | Details |
|---|---|
| Base Year | 2024 |
| Trade Finance Market Size in 2022 | USD 10.5 trillion |
| Forecast Period | 2024 to 2035 |
| Forecast Period 2023 to 2032 CAGR | 5.4% |
| 2035 Value Projection | USD 16.45 trillion |
| Historical Data for | 2018 to 2024 |
| No. of Pages | 430 |
| Tables, Charts & Figures | 340 |
| Segments covered | Product type, provider, application, and end user |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Trade Finance Market Trends
Sustainable finance is a new direction in the trade finance sector, mirroring enhanced support for Environmental, Social, and Governance (ESG) values. Firms and financial institutions are increasingly integrating sustainability factors into trade finance decisions. These encompass backing environmentally friendly supply chains, sustainable sourcing, and minimizing the carbon intensity. Instruments of sustainable trade finance like green bonds and ESG-linked loans are becoming popular. With growing global consciousness regarding climate & social issues, incorporating sustainable finance practices into trade finance is now being viewed as a forward-looking & ethical way, aiding market development.
The growing supply chain finance products are the new wave in trade finance, prompted by the business requirement to facilitate the management of cash flow. Such solutions provide a vehicle for firms to maximize the working capital by stretching payments to suppliers while maintaining prompt payments.
Report Scope:
India Key Market Players
- SBM Bank (India) Ltd.
- HDFC Bank Limited
- Yes Bank Limited
- Standard Chartered Group
- Kotak Mahindra Bank Limited
- The Federal Bank Limited
- Hongkong and Shanghai Banking Corporation Limited
- Terkar Global Financial Development Pvt Ltd.
- Axis Bank Limited
- Bank of Baroda
The major players operating in the GLOBAL market are
- Asian Development Bank
- Bank of America Corporation
- BNP Paribas S.A.
- Citigroup Inc.
- Euler Hermes Group
- HSBC Holdings PLC
- JPMorgan Chase & Co
India Trade Finance Market, By Product Type:
- Letters of Credit
- Export Factoring
- Insurance
- Bill of Lading
- Guarantees
- Others
India Trade Finance Market, By Application:
- Domestic
- International
By Product Type
- Commercial Letters of Credit (LCs)
- Standby Letters of Credit (LCs)
- Guarantees
- Others
By Provider
- Banks
- Trade finance houses
- Insurance companies
- Others
By End User
- Traders
- Importers
- Exporters
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Nordics
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- South Africa
- Saudi Arabia
Purchase Trade Finance Report- https://www.marketinsightsresearch.com/report/buy_now/8/1627/Trade-Finance-Market
How big is the trade finance market?
The market value of trade finance was USD 9.3 trillion in 2022 and is anticipated to register more than 3% CAGR during the forecast period of 2023-2032, owing to the increase in investments in cutting-edge technologies by various organizations across the globe.
In what ways will exporters end-user segment support the demand for trade finance?
The end-user segment of the exporters accounted for more than 40% of the trade finance market share in 2022 and will witness growth until 2032, owing to swift globalization and the growth in trade activities.
What are the drivers of demand for trade finance in APAC?
Asia Pacific collected over 35% market share of trade finance in 2022 and will continue to grow up to 2032, driven by the strong economic growth and the burgeoning trade operations, primarily in India and China.
Contact us – chris@marketinsightsresearch.com
Our research team will customized this report as per your needs.
