JOC Staff | Nov 14, 2012 10:10AM EST
India will be the fastest growing market for U.S. exports in the future, set to expand at an average rate of 12 percent per year from 2016 to 2020, and 10 percent annually from 2021 to 2030, according to a report released by HSBC Commercial Banking.
India, China, Vietnam, Indonesia, Egypt, Turkey, Mexico and Poland are predicted to record significant trade growth in the next three years.
The report also found that U.S. export growth to Europe is expected to recover at a pace of 6 percent per year from 2012 to 2020.