Survey: U.S. Exporters More Optimistic About Global Trade
Specifically, HSBC states that 59 percent of nearly 300 American exporting companies surveyed reported a positive outlook regarding the worldwide economy-an increase of 13 percent over last year's polling. Of those same firms, only 19 percent forecasted the global economy to decline compared to 26 percent from the previous year. Of developed nations, the U.S. lead the pack in high levels of trade confidence, followed by Canada, Germany and Australia..
"We are seeing more positive sentiment among U.S. businesses about the prospects global trade offers their businesses," says William Nowicki, HSBC's.executive vice president and head of its Trade and Supply Chain North America division. "U.S. businesses increasingly recognize the opportunities that are driven by intra-regional and emerging market trading as trade continues to be viewed as a catalyst for future global economic advancement."
Other key U.S. findings: U.S. small to mid-size businesses continue to conduct the most trade with Canada, followed by Latin America and Greater China. However, they indicated "a strong interest" in trade with China, seen as the most promising region for trade growth in the next six months. HSBC reports that Southeast Asia has experienced a steady decline in trade with the U.S., dropping 29 percent over the past two years.
"Companies with roots extending around the world have hands-on experience and insight to help businesses better understand the trade growth opportunities on a global scale," points out Nowicki, "When it comes to navigating the field, U.S. businesses must look for partners who have the experience to help them in all regions in which they conduct or plan to conduct trade."
Amazon Expands Las Vegas, Nevada, Operations
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
A Changing Food Manufacturing Industry
2017 Food Processing
Front Line: Manufacturers Look to Nontraditional Locations
2019 Gold & Silver Shovel Awards: Recipients Garnered Large Job-Creating and Investment Projects in Diverse Industries
Front Line: Trend Toward Microfactories Continues