The top two trading partners for US businesses remain their closest neighbors – 84% of US businesses traded with Canada, and 74% of US businesses traded with Latin America. Greater China rounds out the top three with 73% of US traders doing business in the region. Close to a third (30%) of US importers and exporters think Latin America holds the greatest potential for trade growth in the coming months, while 22% believe China is the most promising region.The vast majority (91%) of importers and exporters indicated their need for trade finance will likely stay the same or increase in the next six months, and 44% of all businesses surveyed said they would rely on their banks for funding.
HSBC Global Connections Trade Report: US Trade Connection With India Expected To Accelerate
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