- India and China will be joined by emerging trading nations including Vietnam, Indonesia, Egypt, Turkey, Mexico and Poland to record significant trade growth in the next three years.
- By 2020, HSBC expects that forward-thinking companies worldwide will have developed multiple trade corridors and partnerships, created effective networked supply chains, and tightened efficiency in their operations as a result.
- Echoing the US findings, India represents the fastest growing import or export partner (or both) between 2013-15 or 2016-2020 for the 23 markets examined globally by HSBC.
- US exports will increasingly find their way to rapidly growing consumer markets in developing economies, as growth prospects for the industrialized nations remain subdued.
- Over the medium term, the value of US goods exports destined for the economies of Asia (excluding Japan) is forecast to rise at an average annual rate of 8% throughout the period 2021-2030.
- Vietnam is expected to record double digit annualized trade growth throughout the forecast period of 2012-30 and is expected to become an increasingly important source of US imports.
HSBC Global Connections Trade Report: US Trade Connection With India Expected To Accelerate
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