Export and agency volume is down year-on-year in the Asia Pacific region - no news in that. But the size of that decrease is surprising: according to data from Trade Finance Analytics, the value of deals closed during Q1 2015 dropped by 56% year-on-year. The most prominent drop can be seen in March, where deal value fell from more than $18.3 billion in 2015 down to just $5.8 billion in the same month of 2016. In total, the amount of deals closed during Ql fell from $51.8 billion in 2015 down to $22.6 billion in 2016. This vast decrease came despite the fact that China Exim Bank (Chexim) - with its ability to offer very cheap debt and a fast turnaround - ranks number one as the largest export credit agency (ECA) debt provider. In short - the liquidity is available, it just can't find any takers.
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