Asia to power global trade growth

China, India and Vietnam are among the best positioned, with exports expected to post double-digit annual increases for decades.

"The pattern of global trade will be increasingly influenced by the rapidly growing Asian economies, whose exports and imports will continue to grow strongly," the report says.

Overall, global trade is forecast to increase by 5% in 2013 before jumping to annual rates of 6% to 7% until 2016, CNNMoney reports.

But stumbling blocks remain. Europe is mired in a debt-induced funk , and the continent's growth prospects remain weak. Simon Constantinides, regional head of trade and receivables finance for HSBC, said that Europe's fiscal situation is one of the biggest risks examined by the bank.

"We can't ignore Europe," Constantinides said. "It's one of the biggest concerns and challenges facing the global economy."

However, in a finding that underscores the increasingly global nature of trade, Europe's prospects will be helped by rising exports to developing economies, especially in Asia.

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