Top U.S. business leaders expect trade to increase in the next six months, with Latin America, China and Canada as the most promising regions for export growth, according to a report released today.
And as worldwide economic conditions improve and the demand grows for infrastructure goods, infrastructure trade will triple by 2030, growing at an average annual rate of nine percent from 2013 to 2030, the report said.
Overall, 67 percent said they expect exports and imports to increase, up from 48 percent in the second half of 2012. And 29 percent cited better economic conditions as the main reason, the report found.
The report, called the U.S. HSBC Global Connections Trade Report, is based on an international survey of small and medium market market businesses, including about 300 in the U.S. that trade with other countries.