NAICS Code 2022 Update

Key Changes and Insights

The North American Industry Classification System (NAICS) underwent a significant revision with the release of NAICS 2022 in January 2022. This update is part of the systematic review and revision process that occurs every five years, ensuring that the classification system remains aligned with the evolving economic landscape of North America.

What’s New in NAICS 2022?

NAICS 2022 replaces the previous revision, NAICS 2017, and introduces several noteworthy changes. One of the most significant adjustments is the reduced emphasis on delivery methods as a defining characteristic within the classification. This shift acknowledges that the mode of delivery—whether online, in-store, or print—is no longer a primary factor in categorizing industries, particularly within the Wholesale Trade, Retail Trade, and Information sectors.

Comprehensive Guidance with NAICS United States 2022 Manual

To aid businesses and organizations in navigating these changes, the NAICS United States 2022 Manual was published alongside the update. This comprehensive resource serves as an essential guide, providing detailed explanations and clarifications to help users effectively implement the updated classification system.

Collaborative Development Process

The development of the 2022 revision was a collaborative effort among the United States, Canada, and Mexico. This partnership aimed to address the emergence of new industries and ensure that NAICS remains relevant and effective. The revision process included a thorough assessment of the usefulness of delivery modes as a delineation criterion in relevant sectors, leading to a more accurate reflection of the current economic environment.

Industry Updates and Reclassifications

As a result of the 2022 revision, seven industries from the 2017 NAICS structure have been updated. Businesses and establishments previously classified under these industries are now required to select the new 2022 NAICS code that best aligns with their primary business activities. This adjustment aims to provide a more precise and contemporary representation of the diverse industries operating within North America.

Maximizing Benefits from the NAICS Update

By implementing these changes, NAICS 2022 enhances the accuracy and relevance of the classification system, enabling businesses, policymakers, and researchers to gain a comprehensive understanding of the North American economy. It is crucial for organizations to familiarize themselves with the updated NAICS codes to ensure accurate reporting and analysis of industry data.

The NAICS 2022 update marks an important evolution in how industries are classified in North America. By staying informed about these changes, businesses can better position themselves in the market and ensure compliance with the latest industry standards. Embracing the updated NAICS codes will ultimately contribute to more effective decision-making and strategic planning in an ever-changing economic landscape.

NAICS 2017: 212113 - Anthracite Mining

NAICS 2017: 325314 - Fertilizer (Mixing Only) Manufacturing

NAICS 2017: 453998 - All Other Miscellaneous Store Retailers (except Tobacco Stores)

NAICS 2017: 454110 - Electronic Shopping and Mail-Order Houses

NAICS 2017: 454390 - Other Direct Selling Establishments

NAICS 2017: 515120 - Television Broadcasting

NAICS 2017: 519130 - Internet Publishing and Broadcasting and Web Search Portals

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