In its third edition, HSBC Spotlight on US Trade report analyzes the impact of internationalism and performance on companies in the Northeast region. States included in the Northeast report are Delaware, Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.
The HSBC Global Trade Forecast predicts that U.S. exports to the United Arab Emirates, India and Vietnam are among the regions with the highest potential for growth over the next several years. The region’s largest export markets last year were Canada ($44bn), The United Kingdom ($15.03bn) and China ($13.52bn).
In conjunction with The Economist Intelligence Unit (EIU) research shows a correlation between highly international companies and higher profit margins. Particularly, internationalism in the Northeast region this results in:
- Higher profit margins
- Avoided volatile swings
- Widest spread in profit margin
International trade first put the Northeast on the map several centuries ago, when its vast ships ferried raw materials across the Atlantic to the mother country. Today, the Northeast maintains vigorous international trade due in part to the nature of the region’s products.
Other reports released have focused on Texas and Upstate New York. Future reports include analysis on Southeast, California and the Midwest.