ICC Global Survey on Trade Finance
The ICC Global Survey on Trade Finance is released
every year since 2009. It provides an accurate snapshot of market trends and
enables bankers, traders and government officials to gauge global trade
The ICC Global Surveys on Trade Finance came into existence when the World Trade Organization (WTO) asked ICC to provide data for the G20 meeting of world leaders at their first economic Summit, held in 2008.
From 2009 onwards, with contributions from its partners and under the direction of the Market Intelligence Working Group, the reports have provided leaders and industry practitioners with accurate in-depth analysis of developments in trade finance to keep readers at the forefront of industry knowledge.
The Survey help us gain an accurate snapshot of the trends evolving over time and to gauge future expectations for global trade and traditional trade finance activities, including changes attributable to the additional funding and risk mitigation activities of the development banks, export credit agencies and the World Bank. This information can then be used to formulate coordinated and targeted measures to stimulate trade finance markets and to prioritize the direction of available support via innovative communication channels and creating speedy cost-effective supply chain of vital information.
We are pleased to note that participation in ICC Surveys continues to gain wide recognition in the industry, and the Survey contents clearly remain at the forefront in providing key information on trade finance, thereby significantly bridging the information gap.
The 2016 Global Survey on Trade Finance was released on October 7th.
Download the report now
Data from this year's Global Survey was put under the spotlight at a SIBOS Banking Commission meeting, which focused on the debate around trade and trade finance. In addition, the report findings aim to inform the high-level discussions at WTO, IMF and World Bank annual meetings taking place during the first week of October in Washington.
The report findings portrait a worsening global shortage of trade finance, in particular due to a growing number of banks concerned about ability to finance global trade, SMEs taking up almost 60% of the total trade finance transactions rejected and the perceived acute shortages of trade finance in Africa.
To respond to financial crises, institutions and policy makers need to focus on improving market intelligence so that future financial decisions can be based on solid evidence. Indeed, the survey provides that intelligence.
- The ICC Global Survey is enriched by data, insights and expert commentary from a variety of partners, contributors and specialists in trade, financing and development, provides a unique perspective on the foregoing issues, and can inform the decision of bankers, financiers, business executives and entrepreneurs, as well as policymakers at national, regional and international levels, help to restore trade as a driver of economic growth and development.
- With responses from 357 respondents from 109 countries across the world the ICC Global Survey on Trade Finance 2016 provides substantive and compelling insights into trends affecting the international trade finance industry, and by extension, the cross-border commercial activity, economic value-creation and international development activities that are directly dependent on trade finance.
Expanding our reach
In the coming years, the Banking Commission will continue to respond to the growing changes and challenges of the wider corporate banking industry, specifically in the area of new regulations and market opportunities. In particular, the ICC Banking Commission is aiming at leveraging its current stature as the world's leading trade finance industry representative. This will be achieved by extending the current scope far beyond the actual rule setting activities and by being an effective provider of leading market intelligence.
The International Chamber of Commerce's Banking Commission decided to provide a timely analysis of patterns of trade finance with a vast network of partners and geographical reach. The increasing number of countries participating allows us to provide a more comprehensive view of the global position regarding trade finance activities and constraints.
The ICC Global Survey contains key metrics and analytics that will enhance the understanding of trade finance markets worldwide.
- Asian Development Bank (ADB)
- African Development Bank (AfDB)
- Berne Union
- European Bank for Reconstruction and Development (EBRD)
- Factors Chain International (FCI)
- Global Trade Review (GTR)
- ICC Academy
- Inter-American Development Bank (IDB)
- International Finance Corporation (IFC)
- International Monetary Fund (IMF)
- International Trade Centre (ITC)
- International Trade and Forfaiting Association (ITFA)
- International Islamic Trade Finance Corporation (ITFC)
- Society for Worldwide Interbank Financial Telecommunications (SWIFT)
- Trade and Export Finance (TXF)
- World Bank
- World Trade Organization (WTO)
Becoming a Partner
If you or your organization is interested in becoming an official partner of the ICC Global Survey on Trade Finance, please contact:
ICC Banking Commission
Soon available for all 2017 projects
Organizations wishing to associate themselves with the ICC Banking Commission and its global network will find a variety of offers for 2016 including: large global events, summits, publications and industry studies.
Banking Commission Preferred Partner
and be part of an elite group who will have preferential access to our members made up of bankers, business leaders, finance experts, lawyers and international organizations. Preferred Partners will also have the opportunity to engage audiences at our many events, as well as users of our sponsored publications throughout the year. Contact us today as the Preferred Partner plan is limited to a maximum of four companies per calendar year.
For more information contact Sandra Sanchez Nery, ICC Sponsorship coordinator -Sandra.SANCHEZNERY@iccwbo.org
Together, let's rethink trade and finance.
ICC Global Surveys (2009 - 2016)