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United States Exports: Services: China: Financial data was reported at 3.934 USD bn in 2017. This records an increase from the previous number of 3.313 USD bn for 2016. United States Exports: Services: China: Financial data is updated yearly, averaging 2.242 USD bn from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 3.934 USD bn in 2017 and a record low of 678.000 USD mn in 2006. United States Exports: Services: China: Financial data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.JA093: Trade Statistics: Services: China.
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United States Imports: Services: China: Financial data was reported at 602.000 USD mn in 2016. This records an increase from the previous number of 567.000 USD mn for 2015. United States Imports: Services: China: Financial data is updated yearly, averaging 342.000 USD mn from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 602.000 USD mn in 2016 and a record low of 48.000 USD mn in 2006. United States Imports: Services: China: Financial data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA035: Trade Statistics: Services: China.
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TwitterIn 2024, China exported approximately 3.58 trillion U.S. dollars worth of goods. This indicated an increase in export value of about 5.9 percent compared to the previous year. Export of goods from ChinaChina’s exports have been growing steadily over the past decade, with the exception of 2009 when financial crisis and global economic downturn slowed down global trade and 2016 witnessing another decrease in global demand. Apart from being the most populous country, China has also become the largest manufacturing economy and the largest exporter in the world. ASEAN, European Union, and United States were China's leading export partners in 2023. Machinery such as computers, broadcasting technology, and telephones as well as transport equipment make up the largest part of Chinese exports. This category amounted to approximately 1.65 trillion U.S. dollars in export value in 2023. When it comes to primary goods, food and live animals used for food are the main export products.
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Trade Finance Market Size 2025-2029
The trade finance market size is forecast to increase by USD 18.6 billion, at a CAGR of 5.7% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing number of exports and the incorporation of advanced technology into trade finance solutions. This trend is expected to continue as global trade volumes increase and businesses seek more efficient and secure methods for financing international transactions. In the realm of business and finance, the Banking, Financial Services, and Insurance (BFSI) sector has experienced significant advancements in technology, particularly in trade financing. Advanced technology, including fintech solutions, is also transforming trade finance, providing more efficient funding options, hedging alternatives, and fraud prevention measures. However, the market is not without challenges. Protectionist policies and trade wars pose significant obstacles, creating uncertainty and potential disruptions in global trade flows. As a result, trade finance providers must navigate these geopolitical risks while also adapting to technological advancements and evolving customer expectations.
Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on leveraging technology to streamline processes, enhance security, and provide customized solutions for clients. Additionally, building strong relationships with clients and maintaining a deep understanding of regulatory and geopolitical risks will be crucial for success in this dynamic market.
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The market continues to evolve, driven by the dynamic nature of global trade and the increasing adoption of digital technologies. Trade finance instruments and services play a crucial role in facilitating international business transactions, with applications spanning various sectors. Compliance with regulations and adherence to trade finance frameworks are essential components of this ecosystem. Digital trade finance solutions, such as supply chain finance and invoice discounting, are gaining traction, streamlining processes and enhancing efficiency. Trade finance advisory and analytics offer valuable insights, enabling informed decision-making. Export credit insurance and export finance provide risk mitigation and financing options for exporters.
Trade finance institutions, including banks and non-bank financial institutions, are leveraging technology to offer innovative products and services. Trade finance platforms and models are evolving to address the challenges of complex global supply chains and changing market conditions. The trade finance industry remains focused on adapting to these trends and continuously improving its offerings to meet the needs of businesses. The ongoing unfolding of market activities and evolving patterns in the market present numerous opportunities for growth and innovation. Trade finance strategies that effectively address these dynamics and leverage technology will be key to success in this ever-changing landscape.
How is this Trade Finance Industry segmented?
The trade finance industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
Traditional trade finance
Supply chain finance
Structured trade finance
End-user
Importers and exporters
Banks and financiers
Insurers and export credit agencies
Product Type
Letters of credit
Supply chain finance
Trade credit insurance
Documentary collections
Others
Business Segment
Domestic trade finance
International trade finance
Geography
North America
US
Canada
Europe
France
Germany
The Netherlands
UK
APAC
China
India
Japan
South Korea
Rest of World (ROW)
By Type Insights
The traditional trade finance segment is estimated to witness significant growth during the forecast period.
Trade finance is a vital component of international business, providing risk management tools and facilitating trade payments through various instruments such as commercial letters of credit, documentary collections, open account processing, purchase order management, and document preparation. JPMorgan Chase and Co. (JPMorgan) are among the institutions offering these traditional trade finance solutions via web-based trade transaction management platforms. These platforms enable clients to manage their trade activities from purchase orders to payments, connecting sellers and buyers to the company ne
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TwitterWe use machine learning techniques to quantify trade tensions between the United States and China. Our measure matches well-known events in the US-China trade dispute and is exogenous to the developments on global financial markets. Local projections show that rising trade tensions leave US markets largely unaffected, except for firms that are more exposed to China, while negatively impacting stock market indices and exchange rates in China and emerging markets. We complement these findings with additional evidence suggesting that the US-China trade tensions have been interpreted as a negative demand shock for the Chinese economy rather than as a global risk shock.
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An increase in a currency internationalization levels can positively impact its credibility in international economic activities, and expand the effective demand and optimize the supply structure for the country’s financial service trade. In this way, a state can improve its financial service trade competitiveness in the international market. This study builds a vector autoregressive model based on time-series data of China-US financial services trade from 2010 to 2021, analyzes the impact of different quantitative indicators of RMB internationalization on this trade from the impulse response results, and validates the conclusions using various inspection methods. The results show that the increase in RMB internationalization helps to narrow the China-US financial services trade balance, but with a significant lag. And this effect is heterogeneous in different dimensions, demonstrated by the fact that the development of overseas RMB securities business is more important for the level of RMB internationalization to narrow the China-US financial services trade balance. Finally, among the specific measures to improve its financial services trade, China should focus on developing the international competitiveness of the traditional RMB deposit and loan financial sector, while the competition in the overseas market for high value-added financial businesses must also not be neglected. Furthermore, China needs to implement more targeted RMB internationalization development policies at different levels in the future to provide high-quality financial services to the rest of the world and aid in the economic recovery of the world in the "post-pandemic" era.
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Figure 3 depicts China-Africa trade from 2000 to 2013. It shows that China-Africa trade consistently grew since the formation of the FOCAC in 2000. As can be seen in the figure, the US trade with Africa declined after the 2008 global financial crisis, allowing China to take the lead as Africa's largest trading partner. Figure 7 shows trade between China and Africa from 2003 to 2021. Although with fluctuations, trade between the two sides has been increasing since the establishment of the FOCAC mechanism. It reached a first high of US$203 billion in 2015 and then declined significantly the following year. However, the trade increased again from 2017 and surged to US$254 billion in 2021, up by 35% from the previous year. The high trade volume in 2021 has been attributed to the additional Chinese exports of Personal Protective Equipment (PPEs), such as masks and hazmat suits, as well as pharmaceutical products and testing equipment for the COVID-19 pandemic to Africa. However, Gu et al (2022: 11) indicated that the strong increase in China-Africa trade volume in 2021 is remarkable as data from China's customs agency shows that it is "made up of an increase in both Chinese exports to Africa (29.9% year-on-year) and African exports to China (43.7% year-on-year)". Figure 4 shows the number of countries around the world that have joined China's Belt and Road Initiatiative (BRI). As can be seen in the figure, China's BRI has attracted more than 140 countries. In Africa, the first countries that signed up for the BRI project were East and North African countries such as Kenya, Djibouti, Tanzania and Egypt. In Figure 5, the map shows the number of African countries that have signed up for the BRI since 2015. As can be seen in the figure, 52 countries in Africa had signed some BRI-related Memorandum of Understanding (MoU) with China by 2022.
Table 1 shows that studies that analysed the China-Africa relationship focusing on their 'strategic partnership' are very few, given the voluminous literature on China and Africa. A search of Sino-Africa studies conducted in English with the term 'strategic partnership' in their titles produced only ten papers (see table). Furthermore, as the table shows, studies investigating the increased security cooperation in China-Africa relations conducted in English are rare, although this part of the debate has also produced numerous research publications. The column titled 'Focus of study' in Table 1 above shows that majority of these studies concentrated on analysing economic cooperation, while a few also included political relations between China and Africa. Also, the column titled 'Definition of strategic partnership' shows that, all these studies, except Akpan and Onya (2018), made no attempts to define the concept of strategic partnership. Figure 8 shows the countries around the world in which the United Nations (UN) has deployed its peacekeepers. As shown in the figure, the UN has deployed several peacekeeping missions around the world since the late 1940s, with most of these operations taking place in the African continent. Figure 9 focuses on the UN’s peacekeeping operations in Africa. As can be seen in the figure, Chinese peacekeeping troops were deployed in five out of the seven UN-led missions on the African continent as of 2019. Figure 12 shows the foreign military bases that currently exist in African countries. As the figure shows, the African Continent is a host to 47 known foreign military bases, of which 34 are United States (US) bases. Figure 13 shows the foreign military bases in Djibouti. As seen in the figure, Djibouti hosts the US' Camp Lemonnier military base, just 13.4 kilometres away from the Chinese PLA's new navy facility, along with military bases of other major powers such as France, Germany and Japan in close proximity. Djibouti thus found itself in the middle of diplomatic tensions between China and the US over fears of a Chinese takeover of the Doraleh Container Terminal, Djibouti's main container port, in 2018, as China financed the development of the port. Figure 6 shows China's Forum on China-Africa Cooperation (FOCAC) commitments from 2006 to 2021. As can be seen in the figure, China's financial pledges to assist Africa increased from US$5 billion to US$60 in 2015. However, they dropped to US$40 billion in 2021. Further, drops in the number of activities, such as official development assistance (ODAs) and capacity building, including reductions in security collaborations, were also noted. However, a new development was China's reallocation of US$10 billion of its Special Drawing Rights (SDRs) towards Africa from the US$40 billion that it received from the International Monetary Fund (IMF).
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TwitterIn 2024, China imported approximately 2.59 trillion U.S. dollars worth of goods. This indicated an increase in import value by about 1.1 percent compared to the previous year. Import development in ChinaIn 2013, China had surpassed the United States as the world’s largest goods trader. That year, China’s imports and exports had summed up to more than four trillion U.S. dollars. There has been a fairly steady increase in imports over the last decade with the exception of 2009 and 2015-2016. China’s imports of goods had decreased by around eleven percent due to the global financial crisis in 2009, before recovering to a positive growth in 2010. In 2015, Chinese imports went down by 13.2 percent due to the global uncertainty following several geopolitical conflicts, disease outbreaks, and terrorism, according to the commerce minister of China.In 2023, China's import contribution to the gross domestic product (GDP) ranged at around 14 percent. In the same year, Chinese exports exceeded the country's imports by around 822.1 billion U.S. dollars creating a hefty merchandise trade surplus. ASEAN and the European Union countries were China’s most important import trade partners, with imports worth approximately 2.7 trillion yuan and 1.9 trillion yuan respectively in 2023.
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The global International Trade Finance market is projected to reach a significant valuation by 2033, driven by robust growth anticipated over the forecast period. This expansion is fueled by several key drivers, including the increasing complexity of global supply chains, the growing need for efficient cross-border transactions, and the supportive regulatory environments fostering international commerce. Small and Medium-sized Enterprises (SMEs) are increasingly leveraging trade finance solutions to overcome capital constraints and expand their global reach, a trend that is significantly contributing to market growth. Conversely, large enterprises, with their extensive international operations, continue to be major adopters, seeking sophisticated financial instruments to manage risks and optimize cash flows associated with global trade. The market’s dynamism is further shaped by emerging economies actively participating in global trade, necessitating accessible and diversified trade finance products. The market landscape is characterized by a dynamic interplay of pre-shipping and post-shipping financing solutions, catering to the distinct needs of businesses at various stages of the trade lifecycle. Pre-shipping finance, crucial for securing raw materials and initiating production, and post-shipping finance, essential for managing receivables and ensuring liquidity, are both experiencing consistent demand. Geographically, Asia Pacific is emerging as a dominant region, propelled by China and India's burgeoning economies and their pivotal roles in global manufacturing and trade. North America and Europe remain mature but significant markets, with a strong emphasis on technological integration and innovation in trade finance services. Restraints to market growth include increasing geopolitical uncertainties, fluctuating currency exchange rates, and the evolving landscape of trade regulations. However, ongoing digitalization and the development of innovative fintech solutions are poised to mitigate these challenges and further propel the market forward.
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ABSTRACT This paper aims to analyze the recent changes in economic relations between Latin American countries and China in the context of the transformations occurred in the latter’s development strategy after the global financial crisis. The text argues that, in relation to the first decade of the twenty-first century, connections linked to FDI, financing flows, and infrastructure projects have been growing in importance and present new challenges to Latin America, which surpass the ones based only on trade flows.
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Foreign Exchange Market Size 2025-2029
The foreign exchange market size is valued to increase by USD 582 billion, at a CAGR of 10.6% from 2024 to 2029. Growing urbanization and digitalization will drive the foreign exchange market.
Major Market Trends & Insights
Europe dominated the market and accounted for a 47% growth during the forecast period.
By Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By Trade Finance Instruments - Currency swaps segment accounted for the largest market revenue share in 2023
Market Size & Forecast
Market Opportunities: USD 118.14 billion
Market Future Opportunities: USD 582.00 billion
CAGR from 2024 to 2029 : 10.6%
Market Summary
The market, a dynamic and intricate web of financial transactions, plays a pivotal role in facilitating global trade and economic interactions. Its primary function is to enable the conversion of one currency into another, thereby mitigating the risk of currency fluctuations for businesses and investors. Key drivers of this market include growing urbanization and digitalization, which have expanded trading opportunities to a 24x7 global economy. However, the uncertainty of future exchange rates poses a significant challenge, necessitating effective risk management strategies. The market's evolution reflects the increasing interconnectedness of the global economy. Transactions occur in a decentralized, over-the-counter system, with major trading centers in London, New York, and Tokyo.
Participants include commercial banks, investment banks, hedge funds, and individual investors, all seeking to capitalize on price differences between currencies. Trends shaping the market include the increasing use of automation and artificial intelligence to analyze market data and execute trades. Regulatory changes, such as the introduction of stricter capital requirements, also impact the market's functioning. Looking ahead, the market is expected to remain a vital component of the global financial landscape, with continued growth driven by increased trade and economic interdependence. However, challenges, such as regulatory changes and geopolitical risks, will necessitate adaptability and innovation from market participants.
What will be the Size of the Foreign Exchange Market during the forecast period?
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How is the Foreign Exchange Market Segmented ?
The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
Reporting dealers
Financial institutions
Non-financial customers
Trade Finance Instruments
Currency swaps
Outright forward and FX swaps
FX options
Trading Platforms
Electronic Trading
Over-the-Counter (OTC)
Mobile Trading
Geography
North America
US
Canada
Europe
Germany
Switzerland
UK
Middle East and Africa
UAE
APAC
China
India
Japan
South America
Brazil
Rest of World (ROW)
By Type Insights
The reporting dealers segment is estimated to witness significant growth during the forecast period.
The market, a dynamic and ever-evolving financial landscape, is characterized by constant activity and intricate patterns. Participants engage in various trading strategies, employing advanced tools such as stop-loss and take-profit orders on forex trading platforms. Real-time data feeds and order book dynamics facilitate trade execution speed, while market microstructure and slippage minimization techniques ensure efficient transactions. Currency correlation analysis and transaction cost analysis are integral to informed decision-making, with backtesting methodologies providing valuable insights. Currency forwards contracts, position sizing techniques, and forex derivatives pricing are essential components of risk management systems. Carry trade strategies, hedging strategies, and interest rate parity are popular tactics employed by market participants.
Algorithmic trading strategies, driven by options pricing models and trading algorithms' efficiency, significantly influence price discovery mechanisms. High-frequency trading and volatility modeling contribute to the market's liquidity risk management, while foreign exchange swaps and currency option valuation help manage risk. The market's complexities necessitate sophisticated risk management systems and intricate order routing optimization. Global payments systems facilitate the smooth transfer of funds, and liquidity risk management remains a critical concern for market participants. According to recent studies, The market is estimated to account for approximately USD6 trillion in daily trading volume, und
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Oil prices have hit a four-year low as the US-China trade war escalates, impacting global markets and leading to significant declines in crude oil and base metal prices.
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The global trade finance market is booming, projected to reach [Insert Projected 2033 Value based on Chart Data] by 2033, with a CAGR of 4.24%. This comprehensive analysis explores market drivers, trends, restraints, key players (Citigroup, Santander, etc.), and regional insights (North America, Europe, Asia-Pacific). Discover the future of international trade finance. Recent developments include: September 2023 - Standard Chartered Bank, a multinational bank, launched a sustainable trade loan offering for financial institutions. It will assist financial institutions in providing liquidity associated with sustainable development in the most needed areas., April 2022 – The Asian Development Bank signed a deal with Axis Bank Limited worth up to USD 150 million to work together to expand supply chain financing for small and medium-sized businesses. The Asian Development Bank will guarantee loans made by Axis Bank to assist supply chain finance for impact sectors under the terms of its Trade and Supply Chain Finance Programme (TSCFP).. Key drivers for this market are: Rise In Global Trade Drives The Market, Increasing Investments And Innovations In Fintech Drives The Market. Potential restraints include: Rise In Global Trade Drives The Market, Increasing Investments And Innovations In Fintech Drives The Market. Notable trends are: Globalization And Increased International Trade Drives the Market.
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Discover the booming global trade finance services market, projected for significant growth through 2033. This comprehensive analysis explores market size, key drivers, trends, restraints, and regional breakdowns, featuring leading players like BNP Paribas and Citigroup. Learn about the opportunities and challenges within guarantees, letters of credit, and supply chain finance.
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TwitterIn August 2025, China’s total exports surged by *** percent year-over-year. This marked a decrease compared to the previous month.Export industry developmentIn the past decade, China has been the largest exporter of goods in the world, accounting for nearly ***** percent of the total global merchandise exports as of 2023. The country’s exports dropped significantly the year after the global financial crisis of 2007-2008, yet reached its record growth of 31.3 percent in 2010. Chinese export growth has been decelerating as a result of the Sino-U.S. trade war between 2017 and 2020. The outbreak of the global Coronavirus pandemic, however, provided the country with a new opportunity in its export trade. That year, China recorded over ** percent year-on-year growth in exports.Export partnersASEAN countries, the the United States, and European Union were China’s leading export trade partners in 2024. These regions accounted for around ********** of all exports from China that year. That year, China also hit another record for exports to countries along the BRI (belt-and-road initiative).
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Discover the latest insights on the booming global trade finance market. Explore market size, growth projections, key players (BNP Paribas, Citigroup, etc.), and regional trends. Learn about Letters of Credit, Forfaiting, Factoring, and more. Maximize your understanding of this dynamic sector!
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The regression results during the US-China trade war (only including the period before the COVID-19 pandemic).
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Here's a similar article for Thailand:
Techsalerator’s Import/Export Trade Data for Thailand
Techsalerator’s Import/Export Trade Data for Thailand provides a comprehensive and insightful collection of information on international trade activities involving Thai companies. This dataset offers a detailed examination of trade transactions, documenting and classifying imports and exports across various industries within Thailand.
To obtain Techsalerator’s Import/Export Trade Data for Thailand, please reach out to info@techsalerator.com or visit our contact page with your specific requirements. Techsalerator will provide a customized quote based on your data needs, with delivery available within 24 hours. Ongoing access options can also be discussed.
Techsalerator's Import/Export Trade Data for Thailand delivers a thorough analysis of trade activities, integrating data from customs reports, trade agreements, and shipping records. This comprehensive dataset helps businesses, investors, and trade analysts understand Thailand’s trade landscape in detail.
Key Data Fields
Top Trade Trends in Thailand
Notable Companies in Thai Trade Data
Accessing Techsalerator’s Data
To obtain Techsalerator’s Import/Export Trade Data for Thailand, please contact us at info@techsalerator.com with your requirements. We will provide a customized quote based on the number of data fields and records needed, with delivery available within 24 hours. Ongoing access options can also be discussed.
Included Data Fields:
For detailed insights into Thailand’s import and export activities and trends, Techsalerator’s dataset is an invaluable resource for staying informed and making strategic decisions.
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Techsalerator’s Import/Export Trade Data for the Dominican Republic
Techsalerator’s Import/Export Trade Data for the Dominican Republic offers a detailed and insightful collection of information on international trade activities involving Dominican companies. This dataset provides a thorough examination of trade transactions, documenting and classifying imports and exports across various industries within the Dominican Republic.
To obtain Techsalerator’s Import/Export Trade Data for the Dominican Republic, please contact info@techsalerator.com or visit https://www.techsalerator.com/contact-us with your specific requirements. Techsalerator will provide a customized quote based on your data needs, with delivery available within 24 hours. Ongoing access options can also be discussed.
Techsalerator's Import/Export Trade Data for the Dominican Republic delivers a comprehensive analysis of trade activities, integrating data from customs reports, trade agreements, and shipping records. This extensive dataset helps businesses, investors, and trade analysts gain a detailed understanding of the Dominican Republic’s trade landscape.
Key Data Fields
Top Trade Trends in the Dominican Republic
Notable Companies in Dominican Trade Data
Accessing Techsalerator’s Data
To obtain Techsalerator’s Import/Export Trade Data for the Dominican Republic, please contact us at info@techsalerator.com with your requirements. We will provide a customized quote based on the number of data fields and records needed, with delivery available within 24 hours. Ongoing access options can also be discussed.
Included Data Fields:
For detailed insights into the Dominican Republic’s import and export activities and trends, Techsalerator’s dataset is an invaluable resource for staying informed and making strategic decisions.
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Alternative Finance Market Size 2024-2028
The alternative finance market size is estimated to increase by USD 64.3 billion at a CAGR of 7.44% between 2023 and 2028. The key factor driving the market forward is the potential for higher returns for investors. Alternative finance channels offer significantly greater returns compared to traditional investment options like fixed deposits (FDs) or government bonds from conventional financial institutions. Another important contributor to market growth is the rapid expansion in the APAC region and the increasing focus on structured finance. Alternative finance platforms, such as P2P lending, crowdfunding, and invoice trading, are gaining traction in APAC, driven by the presence of numerous small and medium-sized enterprises (SMEs).
What will be the Size of the Alternative Finance Market During the Forecast Period?
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Alternative Finance Market Segmentation
The alternative finance market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Type Outlook
P2P lending
Crowdfunding
Invoice trading
End-User Outlook
Individual
Organization
Region Outlook
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Rest of Europe
APAC
China
India
South America
Chile
Argentina
Brazil
Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
By Type
The alternative financing market share growth in the segment of P2P lending will be significant during the forecast period. The P2P consumer lending sub-segment holds a major share of the P2P lending segment due to the growth in the number of online consumer lending platforms and the increasing use of technology in financial transactions. Some popular P2P lending platforms include LendingClub, Zopa, Bondora Capital, Prosper Marketplace, and Upstart Network. However, P2P lending is associated with a high risk of defaults as the loans are unsecured. Therefore, large investors usually maintain a spread portfolio of their investments. P2P lending is also associated with challenges such as platform failures, the risk of fraud, hacking, and data theft. These factors are expected to augment the demand of the P2P lending segment hence driving the growth of the market in focus during the forecast period.
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The P2P lending segment was valued at USD 123.70 billion in 2018. In this segment, P2P lending is similar to credit obtained from financial institutions. However, the funds are raised from one or more independent investors. P2P borrowers must make weekly or monthly repayments of the principal amount with interest. P2P lending is usually carried out through online platforms. Investors directly select businesses to fund, or the lending platforms provide the terms of credit. Some variations in the model allow investors to bid on loan amounts and interest rates through an online auction. P2P lending is popular among individual borrowers and SMEs, as small to medium-scale loans can be obtained easily. Several individuals opt for P2P loans for debt consolidation, which allows them to pay debts accrued from credit cards or loans from financial institutions.
By Region
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North America is estimated to contribute 70% to the global alternative financing market during the forecast period. Technavio's analysts have elaborately explained the regional market growth and trends that shape the market during the forecast period. The growth of P2P lending and crowdfunding has increased significantly in North America. The increasing number of students, growing awareness about clearing personal debt, rising Internet penetration, technological advances, the rise of online trading platforms and finance platforms, and the presence of prominent companies are the major factors driving the market in North America. The number of SMEs has grown significantly in North America. Therefore, a growing number of SMEs in this region are boosting the growth in North America.
Alternative Finance Market Dynamics
The market is reshaping the landscape traditionally dominated by conventional big banks and regulated banks. Instead of relying solely on traditional finance systems, entrepreneurs and investors are increasingly turning to alternative lenders and innovative financial services solutions. Online lenders offer streamlined access to capital, while reward-based crowdfunding and equity-based crowdfunding present opportunities for fun
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United States Exports: Services: China: Financial data was reported at 3.934 USD bn in 2017. This records an increase from the previous number of 3.313 USD bn for 2016. United States Exports: Services: China: Financial data is updated yearly, averaging 2.242 USD bn from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 3.934 USD bn in 2017 and a record low of 678.000 USD mn in 2006. United States Exports: Services: China: Financial data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.JA093: Trade Statistics: Services: China.