“By taking advantage of the international opportunity, highly international Northeast companies were able to insulate themselves from domestic market fluctuations and remain profitable,” said Cronin.For this report, the Northeast region included Massachusetts, New Jersey, New York, Connecticut, Pennsylvania, Maine, Maryland, Vermont, New Hampshire, Rhode Island, Delaware and Washington D.C. In 2012, the region increased the value of goods it exported to $226.7 billion, according to the US Commerce Department’s International Trade Administration. This represented growth of nearly 17 percent over the six year period. Last year, the region’s largest export markets were Canada, the United Kingdom and China. Additionally, the region is poised to benefit from even greater access to overseas markets through several free trade pacts currently under consideration, including the Transatlantic Trade and Investment Partnership. Furthermore, it benefits from proximity to some of its largest trading partners, Europe and Canada. The region’s highly technical, IP-protected products also create unique demand for its exports. “Companies in the Northeast have a tremendous base on which to build, including a highly skilled workforce and market leading brands and capabilities,” said Cronin. “Northeast companies that continue to diversify their sales and operations in international markets will strengthen their businesses in the long-term.” International Effect Carries Over to Healthcare Sector The Northeast region has a strong base of healthcare companies. According to the findings, highly internationalized healthcare companies had an average profit margin of 10 percent, while low international peers were, on average, unprofitable. The Northeast report is the third in the ‘HSBC Spotlight on US Trade’ series of reports and analyses investigating the impact of international trade on publicly traded companies in key regions across the US. About the HSBC Spotlight on US Trade Conducted by the Economist Intelligence Unit, the HSBC Spotlight on US Trade is a series of reports and analyses of 259 publicly-traded companies in four sectors and five regions across the US. The reports look at the relationship between international activity – operations and sales – on company performance for the years 2007-2012. For more information or to download the full report, visit: https://globalconnections.hsbc.com/us/en/articles/northeast-report. Notes to editors: HSBC Bank USA, National Association, with total assets of $196bn as of 30 September 2012 (US GAAP), serves 3 million customers through retail banking and wealth management, commercial banking, private banking, asset management, and global banking and markets segments. It operates more than 250 bank branches throughout the United States. There are over 165 in New York State as well as branches in: California; Connecticut; Delaware; Washington, D.C.; Florida; Maryland; New Jersey; Pennsylvania; Oregon; Virginia; and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A. is a member of the FDIC.