Asia will be key engine of growth in world trade

HSBC’s new quarterly world trade forecaster, HSBC Trade Connections, says that Asia trade will be the key driver of world trade growth by 2025. It is expected that Asia trade volumes will increase by 96% to almost $14 trillion in the period compared to just 73% for total world trade. The forecaster also predicted year-on-year Asia trade growth of 4.8% compared to 3.8% global trade growth up to 2025.

“International trade is set to increase despite current economic uncertainty for businesses that are looking to grow, international trade is the real opportunity,” said Noel Quinn, regional head of commercial banking for Asia-Pacific at HSBC. “Whilst traders recorded a...