NAICS Code 423990-10 - Exporters (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 423990-10
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NAICS Code 423990-10 Description (8-Digit)

Exporters (Wholesale) are companies that specialize in the distribution of various durable goods to foreign markets. These companies purchase goods from manufacturers and other wholesalers and then sell them to foreign buyers. The goods can range from industrial machinery to consumer goods, such as electronics and clothing. Exporters (Wholesale) play a crucial role in the global economy by facilitating international trade and helping businesses expand their reach to new markets.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423990 page

Tools

Tools commonly used in the Exporters (Wholesale) industry for day-to-day tasks and operations.

  • International trade databases
  • Freight forwarding software
  • Export compliance software
  • Customs brokerage services
  • International payment processing services
  • Foreign exchange services
  • Market research tools
  • Translation services
  • International logistics services
  • Export financing services

Industry Examples of Exporters (Wholesale)

Common products and services typical of NAICS Code 423990-10, illustrating the main business activities and contributions to the market.

  • Industrial machinery exporters
  • Electronics exporters
  • Clothing exporters
  • Food and beverage exporters
  • Automotive parts exporters
  • Medical equipment exporters
  • Building materials exporters
  • Beauty and personal care product exporters
  • Sporting goods exporters
  • Furniture exporters

History

A concise historical narrative of NAICS Code 423990-10 covering global milestones and recent developments within the United States.

  • The "Exporters (Wholesale)" industry has a long history dating back to the early days of international trade. The first recorded instance of wholesale exporting dates back to the 15th century when European merchants began exporting spices, silk, and other luxury goods to Asia. In the 19th century, the Industrial Revolution led to the mass production of goods, which in turn led to an increase in wholesale exporting. The United States became a major player in the industry in the 20th century, with the establishment of the Export-Import Bank of the United States in 1934 and the passage of the Export Trading Company Act in 1982. In recent years, the industry has seen significant growth due to advancements in technology and transportation, which have made it easier and more cost-effective to export goods. In the United States, the "Exporters (Wholesale)" industry has experienced significant growth in recent years. According to the U.S. Census Bureau, U.S. exports of goods and services increased from $1.5 trillion in 2009 to $2.5 trillion in 2019. This growth can be attributed to a number of factors, including increased demand for U.S. goods in emerging markets, the expansion of e-commerce, and the growth of the global middle class. Additionally, the U.S. government has implemented a number of policies to support the industry, including the National Export Initiative, which aims to double U.S. exports by 2015, and the Trans-Pacific Partnership, a free trade agreement between the United States and 11 other countries. Overall, the "Exporters (Wholesale)" industry in the United States has a bright future ahead.