Posted by: changholt | April 20, 2013

Should you be doing business in India?

India will be the fastest-growing market, with exports to the South Asian nation expanding at an annual rate of 12% between 2016 and 2020, and staying in the double digits beyond then. Vietnam is another strong future trading partner for the United States, with double-digit annualized trade growth forecast over the next five to 15 years. Other promising new markets in the future include Indonesia, Egypt, Turkey, Mexico and Poland.

And if the prospects for Europe look worrisome now, trade will soon begin to rebound, according to the HSBC Global Connections report. U.S. export growth to Europe is expected to recover to a pace of 6% per year during 2012 to 2020.

HSBC’s Global Connections report consists of two companion reports. The HSBC Trade Forecast, produced in association with Oxford Economics, examines longer-term global trade trends over the next five, 10 and 15 years. The HSBC Trade Confidence Index , conducted by TNS, looks at trade trends in the next six months.

In the shorter-term, the Trade Confidence Index finds US- importers and exporters are maintaining a steady confidence about their expected trade volumes. Nearly half (48%) of US importers and exporters foresee their trade volumes increasing.

via Business without Borders | India the fastest-growing future market for U.S. exporters.

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