NAICS Code 541618-04 - Foreign Trade Consultants

Marketing Level - NAICS 8-Digit

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Contact Emails: 104
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Phone Numbers: 12
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NAICS CODE 541618-04
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NAICS Code 541618-04 Description (8-Digit)

Foreign Trade Consultants are professionals who provide guidance and advice to businesses engaged in international trade. They assist companies in navigating the complex regulations and procedures involved in importing and exporting goods and services across borders. These consultants have a deep understanding of international trade laws, customs regulations, and trade agreements, and they use this knowledge to help their clients comply with all relevant rules and regulations. They also provide advice on market research, product development, and supply chain management to help businesses expand their global reach.

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 541618 page

Tools

Tools commonly used in the Foreign Trade Consultants industry for day-to-day tasks and operations.

  • International trade databases (e.g. World Trade Organization's International Trade Statistics)
  • Customs compliance software (e.g. Integration Point)
  • Supply chain management software (e.g. SAP)
  • Market research tools (e.g. Euromonitor International)
  • Trade finance software (e.g. Coface)
  • Export documentation software (e.g. Shipping Solutions)
  • International payment systems (e.g. PayPal, TransferWise)
  • Freight forwarding software (e.g. Freightos)
  • Translation software (e.g. SDL Trados)
  • Video conferencing tools (e.g. Zoom)

Industry Examples of Foreign Trade Consultants

Common products and services typical of NAICS Code 541618-04, illustrating the main business activities and contributions to the market.

  • Export compliance consulting
  • Import/export documentation services
  • International trade law consulting
  • Customs brokerage services
  • Supply chain management consulting
  • Market research and analysis for international trade
  • International payment processing services
  • Freight forwarding and logistics consulting
  • Translation and interpretation services for international trade
  • Cross-cultural training and consulting for international business.

History

A concise historical narrative of NAICS Code 541618-04 covering global milestones and recent developments within the United States.

  • The Foreign Trade Consultants industry has a long history dating back to the early days of international trade. In the past, foreign trade consultants were primarily used by large corporations to navigate the complex regulations and customs procedures of foreign countries. However, with the advent of globalization and the rise of e-commerce, the industry has expanded to include small and medium-sized businesses as well. In recent years, the industry has seen significant growth due to the increasing demand for cross-border trade and the need for specialized knowledge in areas such as customs compliance, logistics, and supply chain management. In the United States, the industry has been shaped by a number of key events, including the North American Free Trade Agreement (NAFTA) and the establishment of the World Trade Organization (WTO). These developments have led to increased competition and a greater need for expertise in international trade. Overall, the Foreign Trade Consultants industry has played a vital role in facilitating global trade and helping businesses navigate the complexities of the international marketplace.