NAICS Code 523999-02 - International Trade Services

Marketing Level - NAICS 8-Digit

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NAICS CODE 523999-02
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NAICS Code 523999-02 Description (8-Digit)

International Trade Services is a subdivision of the Miscellaneous Financial Investment Activities industry that involves facilitating and managing trade transactions between companies located in different countries. This industry includes a range of services such as import/export financing, foreign exchange services, trade documentation, logistics and transportation, and customs brokerage. Companies in this industry play a crucial role in enabling global trade by providing expertise and resources to help businesses navigate the complexities of international trade regulations and procedures.

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 523999 page

Tools

Tools commonly used in the International Trade Services industry for day-to-day tasks and operations.

  • Trade finance software
  • Customs compliance software
  • Freight forwarding software
  • International payment platforms
  • Supply chain management software
  • Trade data analytics tools
  • Foreign exchange risk management tools
  • International trade compliance tools
  • Electronic document management systems
  • International trade databases

Industry Examples of International Trade Services

Common products and services typical of NAICS Code 523999-02, illustrating the main business activities and contributions to the market.

  • Export management companies
  • Customs brokers
  • Freight forwarders
  • International trade consultants
  • Trade finance providers
  • International payment processors
  • Supply chain management companies
  • Trade data analytics firms
  • Foreign exchange providers
  • International logistics companies

History

A concise historical narrative of NAICS Code 523999-02 covering global milestones and recent developments within the United States.

  • The International Trade Services industry has a long and complex history, dating back to the ancient Silk Road trade routes that connected Asia with Europe. In the modern era, the industry has seen significant growth and development, driven by advances in transportation, communication, and technology. Notable milestones include the establishment of the World Trade Organization in 1995, which helped to promote free trade and reduce barriers to international commerce. In recent years, the industry has been shaped by geopolitical events such as Brexit and the US-China trade war, which have created new challenges and opportunities for businesses engaged in international trade. In the United States, the International Trade Services industry has a more recent history, dating back to the post-World War II era when the country emerged as a dominant economic power. The establishment of the General Agreement on Tariffs and Trade (GATT) in 1947 helped to promote international trade and reduce barriers to commerce. In the 1990s, the North American Free Trade Agreement (NAFTA) further expanded trade between the US, Canada, and Mexico. More recently, the industry has been shaped by the rise of e-commerce and the increasing importance of digital trade.