Current Situations of Barter Trade at Home and Abroad

The value of barter trade has taken up 27% to 30% of total world trade value.

In terms of volume of business, in Australia, professional barter companies have achieved an estimated business volume of ten billion US Dollars per annum in their own barter trading ways.

World top 500 companies have started to introduce barter trade.

In terms of enterprises, 80% of the world top 500 companies have established Barter Department, and in Australia alone there are 470,000 companies engaged in barter trade with an annual sales volume of 12 billion US Dollars.

International organizations show an increasing concern about barter trade development.

In terms of international organizations, with development of modern barter trade, international barter organizations have seen set up, which are IRTA and NATE. They hold annual meetings to discuss about concerned issues of barter trade development.

Barter trade has got more exposure in international trading arena.

At present, the most famous magazine in barter industry is Barter News Weekly in Australia initiated in 1979. Besides, in Australia there are books specially on successful barter trade cases.