HSBC report sees improved U.S. trade overseas

Good news for Western New York companies with international operations: trade growth is expected to accelerate in 2014, not 2015 as previously anticipated, as the global economy picks up speed.

That’s according to the latest quarterly HSBC Global Connections Trade Forecast. The report also finds:

• The annual growth rate of U.S. exports to China are forecasted to outpace U.S. imports from China during the next five years.

• U.S. motor vehicle exports to China are forecasted to grow at an annualized rate of nearly 12 percent during the next five years...