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Global Trade Recovering, but still a way to go, finds SWIFT/ICC survey

12/6/2012

3 Comments

 
The volume of trade finance transactions continued to increase in 2011, suggesting a slow but steady recovery in world trade, according to the 2012 ICC Global Survey on Trade Finance. The report, which can be downloaded here, polled 229 banks in 110 countries, a greater response than in any previous year, and found that, while world events such as the Arab Spring and Japan's earthquake had impacted on trade volumes, the trend was still upwards.
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"Volumes in 2011 were up or largely unchanged in most traditional trade products, the overall value of trade finance transactions was also up and the percentage of trade credit lines that were cut for corporate and financial institution customers continued to fall", said the report.

Around half of financial institutions (51%) reported an increase in export Letters of Credit volume and 56% an increase in import Letter of Credit. Guarantees were also up (39% on the export side and 47% on the import side).  

For banks, fees remain an issue. Around 65% of respondents indicated that their fees for issuance of bank undertakings had not changed in 2011, said the survey.

icc_global_trade_and_finance_survey_2012.pdf
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3 Comments
Trade Finance Australia link
5/9/2022 05:39:06 am

Thank you for the information; it is much better explained than on most websites. I appreciate you sharing.

Reply
Akari Minami link
21/10/2024 10:32:38 am

Interesting insights! The increase in trade finance transactions in 2011 signals a gradual recovery in world trade, despite challenges from global events. Promising trends!



Reply
Korean Escort Tempe link
27/2/2025 09:26:58 pm

It's encouraging to see a slow but steady recovery in world trade.

Reply



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