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Global infrastructure-related trade growth will double worldwide economic expansion and will triple in size by 2030, with Brazil and Mexico driving the rise in imports and exports of infrastructure-related goods in Latin America, according to a report published by HSBC.
The bank said that between 2013 and 2030 infrastructure-related trade will grow at an average of 9% annually and will see a rise in its share of overall merchandise trade from 45% of total goods exports in 2013 to 54% by 2030, with the peak of its growth between 2016 and 2020. In the same 17-year period, global GDP is expected to grow at a rate of 4%.
Brazil, Latin America's largest economy, is expected to increase imports and exports of infrastructures-related goods by a 9% annual average. In México, imports will grow close to 7%, while exports are expected to rise by 8%.
Also, between 2013 and 2030, Brazil will jump in the rankings from 15th to 10th place in terms of its share of global exports of goods for infrastructure as it increases its role in world trade.
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