ICC Report Tracks $35 Trillion Global Trade
The 2026 Global Trade Intelligence Report combines 18 years of credit-risk data with new trade finance insights.
Updated on Nov. 4, 2026 in International Trade
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The International Chamber of Commerce published its 2026 Global Trade Intelligence Report, which estimates global trade in goods and services reached approximately US$35 trillion in 2025. The report, formerly known as the ICC Trade Register, was produced with Global Credit Data and Boston Consulting Group.
Why it matters
The report draws on data from 26 trade and export finance banks and identifies shifts in default rates across trade finance products. Its scenario modelling suggests policy choices could significantly affect the trajectory of global goods trade.
The report covers 26 trade and export finance banks, more than 62 million transactions and over US$28 trillion in exposures. Exposure-weighted default rates for import letters of credit rose slightly in 2025, while obligor-weighted rates fell.
The players
International Chamber of Commerce (ICC)
The ICC is a global business organization that promotes international trade and sets widely used commercial rules and standards.
Boston Consulting Group (BCG)
Boston Consulting Group is a global management consulting firm that contributed modelling for the report's trade scenarios.
Global Credit Data
Global Credit Data is a consortium that collects and shares trade finance default and loss data among member banks.
The details
The 2026 ICC Global Trade Intelligence Report combines 18 years of credit-risk data with insights from more than 100 trade finance practitioners worldwide. Default rates for performance guarantees and supply chain finance declined in 2025.
Timeline
2025: Global trade in goods and services reached approximately US$35 trillion.
November 4, 2026: The ICC published the 2026 Global Trade Intelligence Report.
2035: Horizon for the scenario modelling of global goods trade.
Market Dynamics
The report is a successor to the ICC Trade Register, extending a long-running dataset of credit-risk data with forward-looking trade trend analysis. Its scenario modelling frames global goods trade outcomes by 2035 as dependent on policy decisions.
Trade finance professionals and importers can use the report's default-rate trends to assess counterparty risk on letters of credit and guarantees. Businesses relying on supply chain finance may find the 2025 decline in default rates relevant to their financing costs.
The takeaway
Readers tracking global commerce should watch how trade finance default patterns respond to policy shifts, since the report's scenarios show a wide range of possible outcomes for goods trade through 2035.
Further reading
For broader context on cross-border commerce, explore the International Trade section.
Source note: This article includes information reported by ICC - International Chamber of Commerce.
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Do you expect the prices of imported goods you buy to rise over the next few years?
