Fynsa
The export invoice market, also known as export factoring, is a financial mechanism whereby an exporter sells its international invoices or accounts receivable to a financial company. This company advances a portion of the invoice value (usually up to a maximum of 90%) to the exporter, while assuming the management and risk of collection from the international buyer.
The commercial export invoice is a mandatory document for international trade that certifies the transaction, details the merchandise, the price, and serves for customs clearance and calculation of tariffs. Based on these invoices, the international finance company facilitates the transformation of accounts receivable into immediate capital, allowing exporting companies to operate with greater flexibility and competitiveness in global markets.
Export financing can be recourse (the exporter assumes the risk of non-payment) or non-recourse (the financing company assumes that risk). This market has grown significantly in Mexico, especially for SMEs, due to its ability to provide quick liquidity to face long international collection terms and support the growth of the export business.
The size of the export factoring market in Latin America is significant, and shows robust growth. In 2024, the reverse factoring market in Latin America reached a value of approximately US$47.1 billion, and is projected to grow to US$204.6 billion by 2033, at a compound annual growth rate (CAGR) of 16.4% between 2025 and 2033. This growth reflects not only an increase in demand for immediate liquidity for exporters, but also the growing adoption of digital platforms that streamline the process and reduce paperwork.
The positive dynamics of Latin American foreign trade, driven by the recovery of export volumes and the trend towards financial digitalization, supports this growth in export factoring. Countries such as Mexico, Colombia, Chile, Peru and Ecuador are showing increases in their export flows, generating greater demand for financial solutions that facilitate the management of international receivables and reduce the risk of non-payment.
In Mexico, factoring for exporters is a key financial solution that helps free up capital trapped in accounts receivable, bringing dynamism to the economy and facilitating access to fresh resources without generating debt. To make use of this alternative, documents such as a commercial invoice, purchase order, bill of lading and international insurance are required for the operation.
This tool is positioned as an innovation that boosts Mexican SMEs in foreign trade, contributing to the strengthening of cash flow and risk mitigation in international operations.
The export invoice market size in Mexico reached a value of approximately US$66.1 billion in 2024, and is projected to grow steadily at a compound annual growth rate (CAGR) of 6.88% for the period 2025-2033, with the market expected to reach about US$126 billion by 2033.
In terms of foreign trade, Mexico maintains a constant and growing flow of exports that exceeded US$369.4 billion in the first seven months of 2025, with an annual growth of 4.3%, which drives the demand and use of factoring services for exporters.
The Mexican export factoring market is relevant and expanding, with strong potential to continue growing along with Mexican foreign trade and technological adoption of financial solutions.
