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Trade Finance Market Share

Report ID: GMI7022
Published Date: Oct 2023
Report Format: PDF

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Trade Finance Market Share

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

The Asian Development Bank (ADB) plays a dominant role in the trade finance business due to its extensive financial resources, expertise, and regional focus. ADB provides substantial funding for trade-related projects and initiatives across Asia and the Pacific, contributing significantly to economic growth and stability. Its emphasis on sustainable trade practices and support for infrastructure development makes it a key player in the region's trade finance landscape.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of trade finance was worth USD 9.3 trillion in 2022 and is estimated to witness over 3% CAGR between 2023 and 2032, driven by surge in investments in innovative technologies by multiple organizations worldwide.

The exporters end-user segment held over 40% of the trade finance market share in 2022 and will experience growth through 2032, due to rapid globalization and the increase in trade activities.

Asia Pacific garnered more than 35% share of the trade finance market in 2022 and will experience growth through 2032, due to the robust economic expansion and burgeoning trade activities, mainly in China and India.

Asian Development Bank, Citigroup Inc., Bank of America Corporation, BNP Paribas S.A., Euler Hermes Group, HSBC Holdings PLC, and JP Morgan Chase & Co. are some of the prominent trade finance firms.