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2004 IRTA Global Barter Transactions Survey Results & Updated Transaction Volume Estimates
The World Trade Organization estimates that 15% or $8.43 billion of the $5.62 trillion in international trade is conducted on a non-cash basis.
Yet, as impressive as this number may be, less than 1% of businesses use non-cash trade as a means of doing business.
With the capabilities of global communications and technology, the power of reciprocal trade is more tangible and can be realized quickly and efficiently.
In 2004 IRTA conducted an industry survey and found that approximately $8.25 billion was traded through reciprocal trade companies in 2004.
IRTA estimates the 2009/2010 industry estimated trading number to be 12.0 billion, which is a strong indication of the growth in the industry, in large part due to the
global recessionary economy.
Of the $34 USD trillion global economy:
* 60% is consumer spending
* 30% is government spending
* 10% is business spending ($3.2 trillion)
The target is 4% of total business spending. This means there is an approx. $136 USD billion opportunity for reciprocal trade through exchanges, not including corporate trade or countertrade.
Reciprocal Trade by Geographic Region (per year), 2009/2010 Estimates
North America / Latin America:
Approximately 500 commercial trade exchange companies
Approximately 5 corporate/hybrid trade companies
Estimated 2.5 billion USD traded through North American commercial exchanges
Estimated 6.0 billion USD through North American corporate/hybrid trade companies.
Europe / Middle East / Asia
Approximately 100 commercial trade exchange companies
Approximately 4 corporate/hybrid reciprocal trade companies
Estimated 1.5 billion USD traded through EURO/ASIAN commercial exchanges
Estimated 2.0 billion USD traded through EURO/ASIAN corporate/hybrid companies
Australasia (Australia and Asia):
Approximately 100 commercial barter exchange companies
Approximately 3 corporate/hybrid barter companies
Estimated 1.85 billion AUD total traded through reciprocal means
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