Rise in Trade Agreements to Drive Global Trade Finance Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Trade finance is a type of financing activities associated with the international trade flows, it is also an intermediary step between the importers and exporters to mitigate the risks associated with the transactions and focused to enhance the working capital efficiency over different businesses. It also deals with activities to finance domestic and international trade. The trade finance activities also include the issuing of letters of credit (LCs), receivables and invoicing and financing, export financing, bank guarantees, insurance, and others. It is used by buyers, sellers, manufactures, importers, and exporters associated to ease the financing and dealing the way cash, credit, investments, and other assets are used over the trade. According to the study, “Trade Finance Market by Product Type (Supply Chain Finance and Export & Agency Finance), Service Providers (Banks, Trade Finance Houses, and Others), and End User (Exporters, Importers and Traders): Global Opportunity Analysis and Industry Forecasts, 2019-2026”. Some of the key companies operating in the global trade finance market are Asian Development Bank (ADB), BNP Paribas, Bank of America, Citigroup Inc., HSBC Holdings plc., Euler Hermes, JPMorgan Chase & Co, Royal Bank of Scotland, Mitsubishi UFJ Financial Group, Inc., and Standard Chartered Bank, Industrial and Commercial Bank of China Limited, Mizuho Financial Group, Inc., Commerzbank AG, Export-Import Bank of India, and African Export-Import Bank. Based on product type, the trade finance market is segmented into export & agency finance and supply chain finance. The trade financing provides structured financing solutions, which further leads to reduce exporters risk further allowing the domestic companies to export goods and services to buyers globally in a secure manner. Based on service providers, the market is segmented into trade finance houses, banks, and others. In addition, based on end-user, the market is segmented into importers, exporters, traders, and others. The trade finance the market is driven by an increase in competition and new trade agreements, followed by a rise in technological development and growth in advancements in the field of global trade finance. However, the rise in trade wars and lack of focus on small and medium-sized enterprises (SMEs) may impact the market. Moreover, switching from traditional banking methods for documentation to ease the paperwork, growth in advancements in technology and efficiency enhancement in trade are key opportunities for the market. Based on geography, the North-American region holds the major share in the global trade finance market owing to large-scale exports & services from agency finances and higher oil production in the region. Whereas, the Asian-Pacific and European regions are projected to show a higher growth rate due to the increase in the involvement of export credit agencies (ECA) conducting international trade over the forecast period. In upcoming years, it is estimated that the future of the market will be bright as a result of a rise in government funding to improve trade finance for increased exports and growth in the development of technologies such as radio frequency identification (RFID) and quick response (QR) codes to identify and trace shipments, optical character recognition (OCR) to read container numbers, blockchain, and enhancing digitization of trade documents during the forecast period. The global trade finance market was valued at US $39714.2 million in 2018 and is probable to reach the US $56,065.6 million by 2026, registering a CAGR of 3.79% from 2019-2026. For More Information on the Research Report, refer to below links: – Global Trade Finance Market Related Report: – Vietnam Joint Stock Commercial Bank for Industry and Trade – Strategy, SWOT and Corporate Finance Report Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: ADB Trade Finance Market Analysis, Asia-Pacific Trade Finance Market, Bank of America Trade Finance Market, BNP Paribas Trade Finance Market Size, Citigroup Inc. 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