And while medical and measuring equipment, which can include instruments for medical, surgical, dental or veterinary purposes, as well as meters and counters, are expected to make up about seven percent of U.S. export growth this year through 2015, making it the fourth biggest sector contributor to U.S. export growth, the sector is anticipated to increase its share of U.S. export growth to 10 percent in 2021 to 2030. During that decade, it will become the third largest sector contributor to overall U.S. export growth.“China and other emerging markets are expanding their operations into new, higher value sectors, which is prompting the more developed markets, including the U.S., to specialize and diversify,” said HSBC’s Vira. “U.S. companies looking to expand globally may want investigate the resources, relationships and finances needed to maximize any potential opportunities.”
Industrial Machinery Will Be Top Growth Area For U.S. Exports And Imports, HSBC Trade Report Shows
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