HSBC released their Long-term forecast for Global Overview. It is rich in interesting data.
If we look at global trade, what will be the fastest growing product categories?
If we look at what China will export, it is obvious that this country is “moving up the value chain”:
(Note: ICT stands for Information & Communication Technologies).
But it is interesting to see that China will keep increasing its exports of “clothing and apparel”, “mineral manufactures”, and “textile and wood products”:
And, when we look at India, this “moving up the value chain” trend is less obvious:
To play with their forecasting tool, go to https://globalconnections.hsbc.com/canada/en/tools-data/trade-forecast-tool.
