According to a survey conducted between March and June 2022, most CEOs in Africa least used open account sales and documentary collection in the payment terms applied when carrying out international trade transactions. On the contrary, cash in advance was the most popular method among the respondents.
Distribution of payment terms least frequently used by African businesses in import and export trade transactions as of 2022
Characteristic
Share of respondents
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African Business. (August 18, 2022). Distribution of payment terms least frequently used by African businesses in import and export trade transactions as of 2022 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1327863/share-of-least-payment-terms-businesses-use-in-international-trade-transactions-in-africa/
African Business. "Distribution of payment terms least frequently used by African businesses in import and export trade transactions as of 2022." Chart. August 18, 2022. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1327863/share-of-least-payment-terms-businesses-use-in-international-trade-transactions-in-africa/
African Business. (2022). Distribution of payment terms least frequently used by African businesses in import and export trade transactions as of 2022. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1327863/share-of-least-payment-terms-businesses-use-in-international-trade-transactions-in-africa/
African Business. "Distribution of Payment Terms Least Frequently Used by African Businesses in Import and Export Trade Transactions as of 2022." Statista, Statista Inc., 18 Aug 2022, https://www.statista.com/statistics/1327863/share-of-least-payment-terms-businesses-use-in-international-trade-transactions-in-africa/
African Business, Distribution of payment terms least frequently used by African businesses in import and export trade transactions as of 2022 Statista, https://www.statista.com/statistics/1327863/share-of-least-payment-terms-businesses-use-in-international-trade-transactions-in-africa/ (last visited August 24, 2024)
Distribution of payment terms least frequently used by African businesses in import and export trade transactions as of 2022 [Graph], African Business, August 18, 2022. [Online]. Available: https://www.statista.com/statistics/1327863/share-of-least-payment-terms-businesses-use-in-international-trade-transactions-in-africa/
