NAICS Code 523991-04 - Brokers-Countertrade

Marketing Level - NAICS 8-Digit

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What's Included in Every Standard Data Package

  • Company Name
  • Contact Name (where available)
  • Job Title (where available)
  • Full Business & Mailing Address
  • Business Phone Number
  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
  • Sales Volume
  • Employee Count
  • Website (where available)
  • Years in Business
  • Location Type (HQ, Branch, Subsidiary)
  • Modeled Credit Rating
  • Public / Private Status
  • Latitude / Longitude
  • ...and more (Inquire)

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Looking for more companies? See NAICS 523991 - Trust, Fiduciary, and Custody Activities - 2,385 companies, 16,320 emails.

NAICS Code 523991-04 Description (8-Digit)

Brokers-Countertrade is a subdivision of the Trust, Fiduciary, and Custody Activities industry that involves the facilitation of international trade deals between two parties. In this industry, brokers act as intermediaries between the buyer and seller, negotiating the terms of the trade deal and ensuring that both parties fulfill their obligations. Countertrade refers to the practice of exchanging goods or services instead of using currency as payment. This industry is crucial in facilitating international trade and promoting economic growth.

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 523991 page

Tools

Tools commonly used in the Brokers-Countertrade industry for day-to-day tasks and operations.

  • International trade agreements
  • Contracts and legal documents
  • Market research and analysis tools
  • Negotiation and communication skills
  • Foreign language proficiency
  • Transportation and logistics software
  • Currency exchange tools
  • Risk management tools
  • Trade financing options
  • Cultural awareness training

Industry Examples of Brokers-Countertrade

Common products and services typical of NAICS Code 523991-04, illustrating the main business activities and contributions to the market.

  • Agricultural products for industrial machinery
  • Oil for technology products
  • Pharmaceuticals for agricultural products
  • Textiles for raw materials
  • Consumer goods for construction materials
  • Machinery for natural resources
  • Technology products for energy resources
  • Raw materials for finished goods
  • Industrial machinery for agricultural products
  • Energy resources for consumer goods

History

A concise historical narrative of NAICS Code 523991-04 covering global milestones and recent developments within the United States.

  • The Brokers-Countertrade industry has a long history dating back to the 19th century when brokers facilitated the trade of goods between countries. The industry has since evolved to include a wide range of financial instruments, including stocks, bonds, and commodities. Notable advancements in the industry include the introduction of electronic trading platforms in the 1990s, which revolutionized the way brokers conducted business. In recent years, the industry has faced increased regulation and scrutiny, particularly in the wake of the 2008 financial crisis. However, brokers have adapted to these changes and continue to play a vital role in the global economy. In the United States, the Brokers-Countertrade industry has a rich history dating back to the early days of the New York Stock Exchange in the late 18th century. The industry has since grown to include a wide range of financial services, including investment banking, asset management, and securities trading. Notable advancements in the industry include the introduction of online trading platforms in the 1990s, which made it easier for individual investors to participate in the market. In recent years, the industry has faced increased competition from fintech startups, which are leveraging technology to disrupt traditional business models. Despite these challenges, the Brokers-Countertrade industry remains a vital part of the US economy.