Andrea Frosinini’s Post

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Business Development Manager | Trade Finance

🚀 Navigating Global Trade Dynamics: Insights from the 2024 International Chamber of Commerce Trade Register Report🌍 I am excited to share key findings from the recently released 2024 ICC Trade Register Report, which provides an in-depth analysis of the current state and future forecasts of global trade finance. Key Takeaways: 1. Resilience Amid Challenges: Trade finance products maintained a low risk profile despite a turbulent 2023 that was characterized by geopolitical tensions and declining demand. The report indicates that default rates across major trade finance instruments remain impressively low, reaffirming the stability of this asset class. 2. Growth Projections: Looking ahead, the forecast for global goods trade is optimistic, with a projected CAGR of 4.8% for nominal terms and 2.9% in real terms over the next decade. The recovery in important markets and the growing significance of services trade, which increased by 8% in 2023, are the main drivers of this growth. 3. Shifting Trade Corridors: The report highlights a significant reorientation of trade patterns, particularly between the U.S. and China, where trade has decreased due to rising tensions and shifting alliances. In contrast, trade within regional blocs is becoming increasingly important, with countries like Mexico and ASEAN nations taking center stage. 4. Innovation in Finance: The report emphasizes the critical role of data in shaping trade finance practices and regulatory approaches. As the regulatory landscape evolves, banks and financial institutions must leverage data-driven insights to navigate emerging regulations effectively. 5. Sustainability and Digital Transformation: The shift towards sustainability in trade finance is gaining momentum. Additionally, the ongoing digitization of trade processes is expected to enhance efficiency and transparency, paving the way for innovations in trade finance solutions. As we look to the future, it is clear that while challenges remain, opportunities for growth and innovation abound in the trade finance sector. Let’s harness these insights to drive sustainable practices and ensure a resilient global trade environment! 📊 For a deeper dive into the findings and methodologies, I encourage you to read the full report here: https://lnkd.in/dqDEujqH. s Ayhan Köseoğlu Bob Gravestijn Venu Borra Chris Sunderman Sami Bousri Jose Gonzalez Erik Valiquette, CCLP Subra Shankhar #TradeFinance #GlobalTrade #Sustainability #Innovation #ICC #TradeRegister #FinancialServices

Bashir Mubiru

Program Manager | Sustainability Expert | ESG Advisor | Strategic Leader | Resilience Specialist

1mo

Fantastic insights, Andrea! 🌍✨ It's inspiring to see how trade finance is adapting and thriving amidst challenges. The emphasis on sustainability and digital transformation resonates deeply as we navigate this dynamic landscape. Let’s leverage these trends to build a more resilient and inclusive global trade ecosystem! Looking forward to seeing how these insights shape future practices! 

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Subra Shankhar

FinTech - Trade Finance - Global Trade - SME - Banking - NBFI

1mo

Great summary Andrea. As always appreciate your insights

Elmehdi Drissi

Conseiller trade finance chez Banque Populaire Regionale de Tanger tétouan

1mo

Thank you Andrea for sharing the icc Register Report

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