The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Trade finance banks tap emerging markets growth

The rapid expansion of trade both between and within emerging market regions is an opportunity as well as a challenge. Laurence Neville reports.

THE RECOVERY IN trade has mirrored that of the global economy – historically trade expands at two to three times the rate of GDP growth and this recovery follows that pattern. According to the World Trade Organization, trade volume (measured by exports) grew annually by nearly 6% on average between 2000 and 2007, before slowing to 2% in 2008 and then plummeting by a record 12% in 2009 in the wake of the global financial crisis.

By July 2010, world trade volume had recovered to roughly its level of July 2008 and was close to its pre-crisis peak in April of that year. Although growth slowed in the second half of 2010, the World Trade Organization forecasts world trade volume growth of 13.5% for the year as a whole.

Just as the recovery in economic growth has been uneven, with pallid expansion in much of the developed world and near-boom conditions in leading emerging markets, so the recovery in trade has amplified the growing strength of developing markets.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree