{"id":129122,"date":"2024-08-07T08:53:11","date_gmt":"2024-08-07T08:53:11","guid":{"rendered":"https:\/\/www.tradefinanceglobal.com\/?page_id=129122"},"modified":"2025-01-12T10:52:24","modified_gmt":"2025-01-12T10:52:24","slug":"comparing-naics-to-sic-codes","status":"publish","type":"page","link":"https:\/\/www.tradefinanceglobal.com\/customs\/comparing-naics-to-sic-codes\/","title":{"rendered":"Comparing NAICS to SIC codes"},"content":{"rendered":"\n<div class=\"wp-block-columns container w-auto is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><div class=\"block-header-without-image d-flex flex-direction-column justify-content-center\">\n    <h2 class=\"fs-32 fw-700 fs-xs-28 not-for-table-content\" id=\"heading-comparing-naics-to-sic-codes\">\n        Comparing NAICS to SIC codes    <\/h2>\n    <div class=\"d-grid grid-col-2 grid-col-xs-1\">\n                            <div class=\"\">\n                <div>Last updated on 12 Jan 2025<\/div>\n                <div>07 Aug 2024 . 5 min read<\/div>\n            <\/div>\n            <\/div>\n    <\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><figure class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"869\" height=\"352\" src=\"https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured.jpg 869w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-300x122.jpg 300w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-768x311.jpg 768w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-320x130.jpg 320w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-370x150.jpg 370w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-414x168.jpg 414w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-600x243.jpg 600w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-372x151.jpg 372w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-450x182.jpg 450w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-380x154.jpg 380w, https:\/\/www.tradefinanceglobal.com\/wp-content\/uploads\/2024\/08\/NAICS-vs-SIC-CODES-featured-285x115.jpg 285w\" sizes=\"auto, (max-width: 869px) 100vw, 869px\" \/><\/figure><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns container w-auto is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><div class=\"block-buttons bg-anti-flash-white rounded p-24 h-100 xs-h-auto\" style=\"background-color: #f2f5f7 !important;\">\n  <div class=\"d-grid grid-col-1 grid-col-xs-1 mb-12\">\n    <h4 class=\"not-for-table-content fs-24 fw-700\" id=\"heading-customs-procedures\">Customs Procedures<\/h4>\n  <\/div>\n  <div>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/\">\n        Introduction to Customs      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/import-controls\/\">\n        Import Controls      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/export-controls\/\">\n        Export Controls      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/customs-clearance-process\/\">\n        Customs Clearance Process      <\/a>\n      <\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<div class=\"wp-block-columns country-quick-link h-100 mb-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><div class=\"block-buttons bg-anti-flash-white rounded p-24 h-100 xs-h-auto\" style=\"background-color: #ebf5f4 !important;\">\n  <div class=\"d-grid grid-col-1 grid-col-xs-1 mb-12\">\n    <h4 class=\"not-for-table-content fs-24 fw-700\" id=\"heading-codes-and-classification\">Codes and Classification<\/h4>\n  <\/div>\n  <div>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/what-is-an-hsn-code\/\">\n        HSN Codes      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/what-is-an-hs-code\/\">\n        HS Codes      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/what-are-hts-codes\/\">\n        HTS Codes      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/naics-north-american-industry-classification-system\/\">\n        NAICS Codes      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/comparing-naics-to-sic-codes\/\">\n        NAICS vs SIC codes      <\/a>\n      <\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><div class=\"block-buttons bg-anti-flash-white rounded p-24 h-100 xs-h-auto\" style=\"background-color: #e5f5ff !important;\">\n  <div class=\"d-grid grid-col-1 grid-col-xs-1 mb-12\">\n    <h4 class=\"not-for-table-content fs-24 fw-700\" id=\"heading-documentation-certification\">Documentation &#038; Certification<\/h4>\n  <\/div>\n  <div>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/phytosanitary-certificates\/\">\n        Phytosanitary Certificates      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/certificates-of-origin\/\">\n        Certificates of Origin      <\/a>\n      <\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\"><div class=\"block-buttons bg-anti-flash-white rounded p-24 h-100 xs-h-auto\" style=\"background-color: #E6FAFE !important;\">\n  <div class=\"d-grid grid-col-1 grid-col-xs-1 mb-12\">\n    <h4 class=\"not-for-table-content fs-24 fw-700\" id=\"heading-efficiency-tools\">Efficiency Tools<\/h4>\n  <\/div>\n  <div>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/single-window-systems\/\">\n        Single Window Systems      <\/a>\n          <a class=\"d-inline-block mr-10 mb-10 py-8 px-16 rounded bordered border-light text-black bg-white fs-14 fw-700\" href=\"https:\/\/www.tradefinanceglobal.com\/customs\/customs-brokers\/\">\n        Customs Brokers      <\/a>\n      <\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns container w-auto is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p><\/p>\n\n\n<div class=\"bg-light-blue d-flex gap-16 h-auto p-16 rounded xs-flex-direction-column\">\n    <div class=\"\">\n    <img decoding=\"async\" style=\"min-width:100px;max-width: 150px\" src=\"https:\/\/secure.gravatar.com\/avatar\/8590deab6809dc3b1f64ba6822e10098?s=160&#038;d=mm&#038;r=g\" class=\"w-100 rounded\">\n  <\/div>\n  <div class=\"col-span-2 col-span-xs-1\">\n    <div class=\"d-flex flex-direction-column gap-16 fs-16 justify-content-between\">\n      <div class=\"fs-16 fw-700\">Carter Hoffman<\/div>\n      <div class=\"fs-14 fw-400 elipsise-2-line\" title=\"Carter Hoffman is a Research Associate at Trade Finance Global focusing on the impact of macroeconomic trends and emerging technologies on international trade.\">\n        Carter Hoffman is a Research Associate at Trade Finance Global focusing on the impact of macroeconomic trends and emerging technologies on international trade.      <\/div>\n      <div>\n        <a class=\"text-black fs-12 small-link-arrow-right\" href=\"https:\/\/www.tradefinanceglobal.com\/posts\/?author=84\">\n          <span>\n            Latest Post          <\/span>\n        <\/a>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<p><\/p>\n\n\n<div class=\"block-cta max-w-100 p-32 h-auto rounded sm-w-60 dark-mode bg-black align wp-block-acf-block-cta\">\n  <h4 id=\"heading-access-trade-receivables-and-supply-chain-finance\" class=\"fs-24 fw-700 elipsise-2-line dark:color-white not-for-table-content\">\n    Access trade, receivables and supply chain finance  <\/h4>\n  <p class=\"block-subtitle dark:color-white\">We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.<\/p>\n  <a href=\"https:\/\/www.tradefinanceglobal.com\/get-trade-finance\/\" class=\"dark:text-black px-16 py-8 rounded bg-black text-white fs-14 fw-700 dark:bg-tale\">\n    <span>Get started<\/span>\n  <\/a>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-contents\">Contents<\/h3>\n\n\n<div class=\"block-table-content h-auto bg-white auto\">\n    <ul class=\"table-content\"><\/ul><\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p><\/p>\n\n\n\n<p class=\"bg-tale rounded p-24 h-auto\" style=\"font-size:16px\">The North American Industry Classification System (NAICS) and the Standard Industrial Classification (SIC) system classify businesses based on their primary economic activities. However, they differ in several key aspects, reflecting their distinct purposes and the evolution of industry classification over time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-naics-vs-sic-understanding-key-differences-in-classification-systems\">NAICS vs. SIC: Understanding key differences in classification systems<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-sic-code\">SIC code<\/h3>\n\n\n\n<p>Developed in the 1930s, the SIC system was traditionally used in the United States to classify industries based on business activities. Its primary purpose was to promote the comparability of establishment data, providing insights into different aspects of the US economy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-naics\">NAICS<\/h3>\n\n\n\n<p>Introduced in 1997, NAICS replaced the SIC system to provide new classification standards in response to the changing economic landscape, particularly with the emergence of new sectors such as services and information technology.&nbsp;<\/p>\n\n\n\n<p>NAICS was jointly developed by Canada, the United States, and Mexico to create a common industry classification system. This system allows for a high level of comparability in business statistics among North American countries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-structure-and-detail-navigating-industry-classifications\">Structure and detail: Navigating industry classifications<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-sic-code-1\">SIC code<\/h3>\n\n\n\n<p>The SIC code is a four-digit system in which each digit represents a progressively narrower industry classification. It is less detailed than NAICS, particularly in the services and information sectors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-naics-1\">NAICS<\/h3>\n\n\n\n<p>NAICS uses a six-digit code system. The first two digits designate the economic sector, the third digit designates the subsector, the fourth digit designates the industry group, the fifth digit designates the industry, and the sixth digit designates national industries.&nbsp;<\/p>\n\n\n\n<p>This additional detail allows for more specific classification and flexibility in accommodating new industries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-differences-between-sic-and-naics-codes\">Key differences between SIC and NAICS codes<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Structure and flexibility: <\/strong>NAICS codes have a six-digit structure that offers greater detail and flexibility than the four-digit SIC codes, allowing them to better accommodate new industries and economic conditions.<\/li>\n\n\n\n<li><strong>Scope of coverage: <\/strong>NAICS codes cover a broader range of sectors, particularly in the services sector, which has grown significantly over the past few decades.<\/li>\n\n\n\n<li><strong>Review and updates:<\/strong> NAICS codes are updated every five years to reflect economic and emerging industry changes. This regular updating process ensures the classification system remains relevant as industries evolve. In contrast, the SIC codes are less frequently updated, with the last significant update in 1987. Due to this infrequency, SIC codes inadequately capture the newer industries that have emerged in the last few decades.<\/li>\n\n\n\n<li><strong>International standardisation: <\/strong>NAICS codes are designed to be compatible with the statistical systems of Canada and Mexico due to the trilateral agreement under USMCA, making international economic analysis more feasible.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-usage\">Usage<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-sic-code-2\">SIC code<\/h3>\n\n\n\n<p>While officially replaced by NAICS in 1997, SIC codes are still used by some companies and databases of data analysis and business segmentation that align with historical data.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-naics-2\">NAICS<\/h3>\n\n\n\n<p>NAICS is used widely across various governmental statistical agencies, business communities, and international organisations to analyse economic activity, shape public policy, and facilitate economic analysis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-implications-for-businesses\">Implications for businesses<\/h2>\n\n\n\n<p>Using the appropriate classification system is crucial for businesses as it affects how they are viewed statistically and can impact everything from taxation to eligibility for government contracts. NAICS&#8217; broader scope and updated structure make it more useful for contemporary economic analyses and decision-making.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-find-a-business-s-naics-or-sic-code\">How to find a business&#8217;s NAICS or SIC code<\/h2>\n\n\n\n<p>Businesses can find their NAICS or SIC codes by using tools provided on government websites, such as the US Census Bureau&#8217;s NAICS search tool. These tools allow businesses to search by keyword or to drill down through various categories to find their specific code.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-uses-of-naics-and-sic-codes-in-business-operations\">Uses of NAICS and SIC codes in business operations<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Regulatory compliance: <\/strong>Many regulatory filings require businesses to provide their NAICS or SIC codes, which can affect compliance with industry-specific regulations.<\/li>\n\n\n\n<li><strong>Market research: <\/strong>Analysts use NAICS and SIC codes to segment markets and analyse competitive environments, helping businesses strategise and identify market opportunities.<\/li>\n\n\n\n<li><strong>Statistical reporting: <\/strong>Governments use these codes to organise and present accurate industry data, which can influence policy-making and economic forecasting.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sic-and-naics-code-examples\">SIC and NAICS code examples<\/h2>\n\n\n\n<p>Here are examples of commodities along with their respective SIC and NAICS codes, providing insight into how these classification systems delineate various industry segments:<\/p>\n\n\n\n<p><strong>Lumber (Wood)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SIC Code: 2421 &#8211; Sawmills and Planing Mills<\/li>\n\n\n\n<li>NAICS Code: 321113 &#8211; Sawmills<\/li>\n<\/ul>\n\n\n\n<p><strong>Precious Metals (Gold, Silver)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SIC Code: 1041 &#8211; Gold Ores<\/li>\n\n\n\n<li>NAICS Code: 212221 &#8211; Gold Ore Mining<\/li>\n<\/ul>\n\n\n\n<p><strong>Oil and Gas<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SIC Code: 1311 &#8211; Crude Petroleum and Natural Gas<\/li>\n\n\n\n<li>NAICS Code: 211120 &#8211; Crude Petroleum Extraction<\/li>\n<\/ul>\n\n\n\n<p><strong>Agricultural Products (Corn)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SIC Code: 0115 &#8211; Corn<\/li>\n\n\n\n<li>NAICS Code: 111150 &#8211; Corn Farming<\/li>\n<\/ul>\n\n\n\n<p><strong>Chemicals<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SIC Code: 2819 &#8211; <a href=\"https:\/\/www.tradefinanceglobal.com\/finance-products\/non-pharmaceutical-chemicals\/\">Industrial Inorganic Chemicals<\/a>, Not Elsewhere Classified<\/li>\n\n\n\n<li>NAICS Code: 325180 &#8211; Other Basic Inorganic Chemical Manufacturing<\/li>\n<\/ul>\n\n\n\n<p>These examples illustrate the specific and detailed nature of how industries and products are classified within both the SIC and NAICS systems, enabling precise data collection, analysis, and reporting across diverse economic sectors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-regions-use-which-codes\">Which regions use which codes?<\/h2>\n\n\n\n<p>The use of NAICS or SIC codes varies by region and is often influenced by trade relationships, historical factors, and regional economic integration. Here\u2019s a breakdown of which regions use which system and their adaptations:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-north-america\">North America<\/h3>\n\n\n\n<p><strong><em>United States<\/em><\/strong><em>:<\/em> The United States primarily uses the NAICS code to classify business establishments. The NAICS system was developed to replace the older SIC system, providing a more updated framework for understanding economic activities.<\/p>\n\n\n\n<p><strong><em>Canada<\/em><\/strong><em>:<\/em><strong> <\/strong>Canada uses the NAICS system, which was jointly developed with the United States and Mexico. Canada\u2019s use of NAICS facilitates consistent economic data analysis and reporting across North America.<\/p>\n\n\n\n<p><strong><em>Mexico: <\/em><\/strong>Mexico adopts NAICS for the same reasons as the US and Canada, ensuring a unified economic classification system across the three constituting the USMCA (formerly NAFTA).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-european-union\">European Union<\/h3>\n\n\n\n<p>The EU does not use the SIC system but instead uses the Statistical Classification of Economic Activities in the European Community, known as NACE. This system is closely aligned with the international standard ISIC, which allows for compatibility in economic analysis both within the EU and globally.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-united-kingdom\">United Kingdom<\/h3>\n\n\n\n<p>The UK uses its own version of the SIC codes, which are aligned with the European NACE system, to ensure compatibility with EU data and reporting standards despite Brexit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-other-global-trade-hubs\">Other Global Trade Hubs<\/h3>\n\n\n\n<p><strong><em>Asia<\/em><\/strong><em>: <\/em>Various Asian countries use systems that are often aligned more closely with the International Standard Industrial Classification (ISIC) rather than strictly using NAICS or SIC. Countries like India and China have their own classification systems, which are adapted from and comparable to ISIC.<\/p>\n\n\n\n<p><strong><em>Australia and New Zealand<\/em><\/strong><em>: <\/em>These countries use the Australian and New Zealand Standard Industrial Classification (ANZSIC), which was developed jointly for better regional integration and comparison. ANZSIC is aligned with ISIC to some extent to ensure broader compatibility.<\/p>\n\n\n\n<p><strong><em>South America<\/em><\/strong><em>: <\/em>Like Asia, many South American countries use classification systems derived from or compatible with ISIC. While trade agreements with North American countries might influence some use of NAICS, it is more common for South American countries to reference ISIC for international trade and economic analysis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-towards-global-standardisation-industry-classification-systems-in-perspective\">Towards global standardisation: Industry classification systems in perspective<\/h2>\n\n\n\n<p>The global trend in industry classification demonstrates a strong preference for either directly adopting ISIC or creating regional systems that adhere to ISIC standards for enhanced international compatibility. Meanwhile, NAICS remains specific to North American countries for more localised economic analysis and reporting.<\/p>\n\n\n\n<p class=\"bg-anti-flash-white rounded p-24 h-auto\" style=\"font-size:16px\">Get in touch with our Freight Forwarding networking team&nbsp;<a href=\"https:\/\/www.tradefinanceglobal.com\/contact-us\/\">here<\/a>.<\/p>\n\n\n\n<p><\/p>\n<\/div>\n<\/div>\n\n\n\n<section class=\"full-width block-grid_topics dark-mode\" data-block=\"grid_topics\" data-theme=\"dark\">\n  <div class=\"block-topics\">\n    <h1 class=\"container w-auto fs-xs-20 mb-xs-20 not-for-table-content\"><\/h1>\n    <div class=\"control container w-auto clearfix topic-tabs position-relative\">\n              <ul class=\"tabs tabs-horizontal d-inline-block mb-30\">\n                      <li class=\"px-24 py-12 fs-16 fs-xs-14 active\"\n            data-post-type=\"page\"\n            data-source=\"topic\"\n            data-limit=\"14\"\n            data-include=\"\"\n            data-cat=\"8428,11052,851,6135\"\n            data-cat-relationship=\"in\"\n            data-key-category=\"\"\n            data-link=\"\"\n            data-link-title=\"\"\n            default-link=\"\"\n            default-btn-text=\"\">\n              Customs Resources            <\/li>\n                      <li class=\"px-24 py-12 fs-16 fs-xs-14 \"\n            data-post-type=\"post\"\n            data-source=\"topic\"\n            data-limit=\"14\"\n            data-include=\"\"\n            data-cat=\"8428\"\n            data-cat-relationship=\"in\"\n            data-key-category=\"\"\n            data-link=\"\"\n            data-link-title=\"\"\n            default-link=\"\"\n            default-btn-text=\"\">\n              All Customs Topics            <\/li>\n                      <li class=\"px-24 py-12 fs-16 fs-xs-14 \"\n            data-post-type=\"post\"\n            data-source=\"topic\"\n            data-limit=\"14\"\n            data-include=\"\"\n            data-cat=\"8428,11052,851,6135\"\n            data-cat-relationship=\"combined\"\n            data-key-category=\"2827\"\n            data-link=\"\"\n            data-link-title=\"\"\n            default-link=\"\"\n            default-btn-text=\"\">\n              Podcasts            <\/li>\n                      <li class=\"px-24 py-12 fs-16 fs-xs-14 \"\n            data-post-type=\"post\"\n            data-source=\"topic\"\n            data-limit=\"14\"\n            data-include=\"\"\n            data-cat=\"11052,851,6135,8428\"\n            data-cat-relationship=\"combined\"\n            data-key-category=\"3525,10707\"\n            data-link=\"\"\n            data-link-title=\"\"\n            default-link=\"\"\n            default-btn-text=\"\">\n              Videos            <\/li>\n                      <li class=\"px-24 py-12 fs-16 fs-xs-14 \"\n            data-post-type=\"conference\"\n            data-source=\"topic\"\n            data-limit=\"14\"\n            data-include=\"\"\n            data-cat=\"8428,11052,6135,851\"\n            data-cat-relationship=\"combined\"\n            data-key-category=\"2148\"\n            data-link=\"\"\n            data-link-title=\"\"\n            default-link=\"\"\n            default-btn-text=\"\">\n              Conferences            <\/li>\n                  <\/ul>\n            <select class=\"topics-sort d-hidden\">\n        <option value=\"title-asc\">A-Z<\/option>\n        <option value=\"date-desc\" selected>Latest<\/option>\n      <\/select>\n      <div class=\"border-light-blue bg-white fs-16 fw-700 pointer bordered dark:bg-maastricht-blue position-absolute rounded-md sorting-dropdown px-16 py-10\">\n        <span class=\"display-value d-block\">Latest<\/span>\n        <div class=\"border-light-blue bordered options-to-select overflow-hidden rounded-md w-100 d-hidden\">\n          <span class=\"d-block py-10 px-16 pointer single-option\"\n          data-value=\"title-asc\">A-Z<\/span>\n          <span class=\"d-block py-10 px-16 pointer single-option\" data-value=\"date-desc\">Latest<\/span>\n        <\/div>\n      <\/div>\n    <\/div>\n\n    <div class=\"block-wrapper clearfix overflow-hidden max-w-100\">\n    <\/div>\n\n    <div class=\"bottom-buttons d-flex clearfix container w-auto\">\n      <a href=\"\" class=\"custom-link button-standart button-standart-blue\">\n        <span><\/span>\n      <\/a>\n    <\/div>\n  <\/div>\n<\/section>\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<section class=\"full-width block-product-finder overflow-hidden  dark-mode bg-black\" >\n  <div class=\"container w-auto py-40\">\n    <h1 class=\"fs-xs-32 elipsise-2-line dark:color-white word-break not-for-table-content mb-40\">Explore our Product Finder<\/h1>\n    <div class=\"list-tabs mb-60\">\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":8069,\"custom_product_text\":true,\"product_title\":\"Technology (Hardware &#038; Software)\",\"product_description\":\"Financing for technology, hardware, and software businesses\"},{\"product_object\":5624,\"custom_product_text\":true,\"product_title\":\"Telecommunications and Media\",\"product_description\":\"Financing for telecom and media projects\"},{\"product_object\":4604,\"custom_product_text\":true,\"product_title\":\"Construction\",\"product_description\":\"Tailored finance for construction projects\"},{\"product_object\":32562,\"custom_product_text\":true,\"product_title\":\"PPE &#038; Protective Equipment\",\"product_description\":\"Financing for personal protective equipment businesses\"},{\"product_object\":5620,\"custom_product_text\":true,\"product_title\":\"Inventory\",\"product_description\":\"Finance options for managing business inventory\"},{\"product_object\":2465,\"custom_product_text\":true,\"product_title\":\"Integrated Circuits &#038; Electronics\",\"product_description\":\"Financing for integrated circuits and electronics\"}]'>\n          Machinery &#038; Equipment        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":8503,\"custom_product_text\":true,\"product_title\":\"Commodity Finance\",\"product_description\":\"Financing options for commodity traders\"},{\"product_object\":2473,\"custom_product_text\":true,\"product_title\":\"Raw Materials\",\"product_description\":\"Financial solutions for raw materials procurement\"},{\"product_object\":2469,\"custom_product_text\":true,\"product_title\":\"Ores &#038; Minerals\",\"product_description\":\"Financing options for ores and minerals trading\"},{\"product_object\":2756,\"custom_product_text\":true,\"product_title\":\"Scrap Metal\",\"product_description\":\"Finance solutions tailored for the scrap metal industry\"},{\"product_object\":15490,\"custom_product_text\":true,\"product_title\":\"Non-Ferrous Metals\",\"product_description\":\"Financial solutions for non-ferrous metals\"},{\"product_object\":5626,\"custom_product_text\":true,\"product_title\":\"Iron &#038; Steel\",\"product_description\":\"Financing for the iron and steel industry\"},{\"product_object\":15499,\"custom_product_text\":true,\"product_title\":\"Uranium &#038; Thorium\",\"product_description\":\"Financial solutions for iron, uranium, and thorium trading\"},{\"product_object\":15447,\"custom_product_text\":true,\"product_title\":\"Agricultural Products\",\"product_description\":\"Financing for the agricultural trade sector\"},{\"product_object\":15619,\"custom_product_text\":true,\"product_title\":\"Fertilizers\",\"product_description\":\"Financing options for the fertiliser industry\"},{\"product_object\":15663,\"custom_product_text\":true,\"product_title\":\"Sugar\",\"product_description\":\"Financial solutions for the sugar industry\"},{\"product_object\":15659,\"custom_product_text\":true,\"product_title\":\"Coffee\",\"product_description\":\"Financial solutions for the coffee trade\"},{\"product_object\":15670,\"custom_product_text\":true,\"product_title\":\"Tea\",\"product_description\":\"Financing for the tea trade\"},{\"product_object\":15719,\"custom_product_text\":true,\"product_title\":\"Tobacco\",\"product_description\":\"Financing options for the tobacco industry\"},{\"product_object\":10108,\"custom_product_text\":true,\"product_title\":\"Cashew Nuts\",\"product_description\":\"Financial solutions for the cashew nut industry\"},{\"product_object\":15530,\"custom_product_text\":true,\"product_title\":\"Farming &#038; Livestock\",\"product_description\":\"Financial solutions for farming and livestock businesses\"},{\"product_object\":15706,\"custom_product_text\":true,\"product_title\":\"Paper &#038; Pulp\",\"product_description\":\"Financing options for the pulp and paper industry\"},{\"product_object\":15723,\"custom_product_text\":true,\"product_title\":\"Wood &#038; Carpentry\",\"product_description\":\"Financial solutions for the wood and carpentry industries\"},{\"product_object\":32555,\"custom_product_text\":true,\"product_title\":\"Aggregates &#038; Stones\",\"product_description\":\"Finance solutions for aggregates and stone trading\"},{\"product_object\":15477,\"custom_product_text\":true,\"product_title\":\"Building Materials\",\"product_description\":\"Financing for building materials procurement\"},{\"product_object\":2477,\"custom_product_text\":true,\"product_title\":\"Textiles\",\"product_description\":\"Financial solutions for the textile industrys\"},{\"product_object\":2420,\"custom_product_text\":true,\"product_title\":\"Crude Oil &#038; Fuel Products\",\"product_description\":\"Financing options for fuel industry businesses\"},{\"product_object\":15514,\"custom_product_text\":true,\"product_title\":\"Petrol &#038; Gas\",\"product_description\":\"Financing solutions for petrol and gas trading\"},{\"product_object\":15523,\"custom_product_text\":true,\"product_title\":\"Coal\",\"product_description\":\"Financing for the coal industry\"},{\"product_object\":2416,\"custom_product_text\":true,\"product_title\":\"Chemicals (Non-Pharmaceutical)\",\"product_description\":\"Financing for the chemical industry excluding pharmaceuticals\"},{\"product_object\":2463,\"custom_product_text\":true,\"product_title\":\"Pharmaceuticals &#038; Healthcare\",\"product_description\":\"Financial solutions for the pharmaceutical and healthcare sectors\"}]'>\n          Commodities &#038; Materials        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":12801,\"custom_product_text\":true,\"product_title\":\"Grains &#038; Agri - Overview\",\"product_description\":\"An introduction to financing soft commodities\"},{\"product_object\":13265,\"custom_product_text\":true,\"product_title\":\"Rice\",\"product_description\":\"Financing of rice\"},{\"product_object\":13174,\"custom_product_text\":true,\"product_title\":\"Wheat\",\"product_description\":\"Financing options for wheat\"},{\"product_object\":13129,\"custom_product_text\":true,\"product_title\":\"Soybeans\",\"product_description\":\"Financial solutions for soybeans\"},{\"product_object\":13168,\"custom_product_text\":true,\"product_title\":\"Corn\",\"product_description\":\"Exploring finance for corn\"}]'>\n          Agri and Grains        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":2463,\"custom_product_text\":true,\"product_title\":\"Pharmaceuticals &#038; Healthcare\",\"product_description\":\"Financial solutions for the pharmaceutical and healthcare sectors\"},{\"product_object\":2416,\"custom_product_text\":true,\"product_title\":\"Chemicals (Non-Pharmaceutical)\",\"product_description\":\"Financing for the chemical industry excluding pharmaceuticals\"}]'>\n          Chemical &#038; Energy        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":2454,\"custom_product_text\":true,\"product_title\":\"Automotive Products\",\"product_description\":\"Financing options for automotive product businesses\"},{\"product_object\":2750,\"custom_product_text\":true,\"product_title\":\"Motor Vehicle &#038; Cars\",\"product_description\":\"Financial solutions for the motor vehicle sector\"},{\"product_object\":5622,\"custom_product_text\":true,\"product_title\":\"Motor Dealers\",\"product_description\":\"Tailored finance for motor dealers\"},{\"product_object\":32517,\"custom_product_text\":true,\"product_title\":\"Aviation &#038; Plane Components\",\"product_description\":\"Financial solutions for aviation and aerospace components\"},{\"product_object\":35724,\"custom_product_text\":true,\"product_title\":\"Aircraft Receivables\",\"product_description\":\"Financial solutions for aircraft receivables\"},{\"product_object\":8074,\"custom_product_text\":true,\"product_title\":\"Marine\",\"product_description\":\"Financing for marine and fishery industries\"},{\"product_object\":15539,\"custom_product_text\":true,\"product_title\":\"Fisheries &#038; Aquaculture\",\"product_description\":\"Financing for marine and fishery industries\"},{\"product_object\":12474,\"custom_product_text\":true,\"product_title\":\"Vessel (Boat &#038; Ship)\",\"product_description\":\"Financing for marine and fishery industries\"}]'>\n          Autos, Aerospace &#038; Marine        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":2463,\"custom_product_text\":true,\"product_title\":\"Pharmaceuticals &#038; Healthcare\",\"product_description\":\"Financial solutions for the pharmaceutical and healthcare sectors\"},{\"product_object\":15433,\"custom_product_text\":true,\"product_title\":\"Spices, Aromatic Drugs &#038; Pharmaceutical Crops\",\"product_description\":\"Financing for spices and pharmaceutical crops\"},{\"product_object\":32562,\"custom_product_text\":true,\"product_title\":\"PPE &#038; Protective Equipment\",\"product_description\":\"Financing for personal protective equipment businesses\"}]'>\n          Pharma &#038; Healthcare        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":2473,\"custom_product_text\":true,\"product_title\":\"Raw Materials\",\"product_description\":\"Financial solutions for raw materials procurement\"},{\"product_object\":2469,\"custom_product_text\":true,\"product_title\":\"Ores and Minerals\",\"product_description\":\"Financing options for ores and minerals trading\"},{\"product_object\":2756,\"custom_product_text\":true,\"product_title\":\"Scrap Metal\",\"product_description\":\"Finance solutions tailored for the scrap metal industry\"},{\"product_object\":15490,\"custom_product_text\":true,\"product_title\":\"Non-Ferrous Metals Trade Finance\",\"product_description\":\"Financial solutions for non-ferrous metals\"},{\"product_object\":5626,\"custom_product_text\":true,\"product_title\":\"Iron and steel\",\"product_description\":\"Financing for the iron and steel industry\"},{\"product_object\":15499,\"custom_product_text\":true,\"product_title\":\"Iron, Uranium and Thorium Trade Finance\",\"product_description\":\"Financial solutions for iron, uranium, and thorium trading\"},{\"product_object\":129131,\"custom_product_text\":true,\"product_title\":\"Concentrates\",\"product_description\":\"Financing metals concentrates, which include copper, zinc, lead, and nickel\"},{\"product_object\":129155,\"custom_product_text\":true,\"product_title\":\"Copper Concentrates\",\"product_description\":\"Copper concentrates are an essential component in the mining industry. They act as a critical intermediary between the extraction of copper ore and its final refinement into usable copper products. \"},{\"product_object\":129189,\"custom_product_text\":true,\"product_title\":\"Zinc Concentrates\",\"product_description\":\"Zinc concentrates play a crucial intermediary role in the mining-to-manufacturing chain, connecting ore extraction sites to metal refining facilities in the global metal supply chain. \"},{\"product_object\":129215,\"custom_product_text\":true,\"product_title\":\"Lead Concentrates\",\"product_description\":\"Lead concentrates are critical components in the mining and metallurgical industries. \"},{\"product_object\":129227,\"custom_product_text\":true,\"product_title\":\"Nickel Concentrates\",\"product_description\":\"Nickel concentrates play a crucial role as intermediaries in the metallurgical industry. \"},{\"product_object\":14359,\"custom_product_text\":true,\"product_title\":\"Project Finance\",\"product_description\":\"Financial solutions for specific project-based ventures\"}]'>\n          Metals &#038; Mining        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":5620,\"custom_product_text\":true,\"product_title\":\"Inventory\",\"product_description\":\"Finance options for managing business inventory\"},{\"product_object\":2754,\"custom_product_text\":true,\"product_title\":\"Retail Stock\",\"product_description\":\"Financing for procuring and managing retail stock\"},{\"product_object\":75095,\"custom_product_text\":true,\"product_title\":\"E-Commerce\",\"product_description\":\"Funding solutions for online retail businesses\"},{\"product_object\":2459,\"custom_product_text\":true,\"product_title\":\"Electronic Goods &#038; Data Products\",\"product_description\":\"Financing for ventures in electronic data products\"},{\"product_object\":2477,\"custom_product_text\":true,\"product_title\":\"Textiles\",\"product_description\":\"Financing options for the textile industry\"},{\"product_object\":2467,\"custom_product_text\":true,\"product_title\":\"Clothing\",\"product_description\":\"Financing for the clothing and apparel industry\"},{\"product_object\":15742,\"custom_product_text\":true,\"product_title\":\"Glass\",\"product_description\":\"Financial solutions for the glass industry\"},{\"product_object\":2465,\"custom_product_text\":true,\"product_title\":\"Integrated Circuits &#038; Electronics\",\"product_description\":\"Financing for integrated circuits and electronics\"},{\"product_object\":2454,\"custom_product_text\":true,\"product_title\":\"Automotive Products\",\"product_description\":\"Financing options for automotive product businesses\"},{\"product_object\":2750,\"custom_product_text\":true,\"product_title\":\"Motor Vehicle &#038; Cars\",\"product_description\":\"Financial solutions for the motor vehicle sector\"},{\"product_object\":5622,\"custom_product_text\":true,\"product_title\":\"Motor Dealers\",\"product_description\":\"Tailored finance for motor dealers\"},{\"product_object\":15734,\"custom_product_text\":true,\"product_title\":\"Cleaning Products\",\"product_description\":\"Financial solutions for the cleaning products industry\"},{\"product_object\":15698,\"custom_product_text\":true,\"product_title\":\"Alcohol\",\"product_description\":\"Financing options for the alcohol industry\"},{\"product_object\":15653,\"custom_product_text\":true,\"product_title\":\"Confectionery\",\"product_description\":\"Financing for the confectionery industry\"},{\"product_object\":15548,\"custom_product_text\":true,\"product_title\":\"Baked Goods\",\"product_description\":\"Financial solutions for the baked goods sector\"},{\"product_object\":15727,\"custom_product_text\":true,\"product_title\":\"Printing\",\"product_description\":\"Financing for the printing industry\"},{\"product_object\":15619,\"custom_product_text\":true,\"product_title\":\"Fertilizers\",\"product_description\":\"Financing options for the fertiliser industry\"},{\"product_object\":2475,\"custom_product_text\":true,\"product_title\":\"Personal &#038; Household Goods\",\"product_description\":\"Finance solutions for personal and household goods\"},{\"product_object\":2463,\"custom_product_text\":true,\"product_title\":\"Pharmaceuticals &#038; Healthcare\",\"product_description\":\"Financial solutions for the pharmaceutical and healthcare sectors\"},{\"product_object\":15433,\"custom_product_text\":true,\"product_title\":\"Spices &#038; Aromatic Drugs\",\"product_description\":\"Financing for spices and pharmaceutical crops\"},{\"product_object\":32562,\"custom_product_text\":true,\"product_title\":\"PPE &#038; Protective Equipment\",\"product_description\":\"Financing for personal protective equipment businesses\"}]'>\n          Finished Goods        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":4604,\"custom_product_text\":true,\"product_title\":\"Construction\",\"product_description\":\"Tailored finance for construction projects\"},{\"product_object\":14372,\"custom_product_text\":true,\"product_title\":\"Green Finance (Green Bonds &#038; Renewables)\",\"product_description\":\"Financial solutions for environmentally sustainable projects\"},{\"product_object\":14341,\"custom_product_text\":true,\"product_title\":\"Infrastructure Finance\",\"product_description\":\"Financing options for infrastructure development\"},{\"product_object\":14359,\"custom_product_text\":true,\"product_title\":\"Project Finance\",\"product_description\":\"Financial solutions for specific project-based ventures\"}]'>\n          Construction &#038; Projects        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":8069,\"custom_product_text\":true,\"product_title\":\"Technology (Hardware &#038; Software)\",\"product_description\":\"Financing for technology, hardware, and software businesses\"},{\"product_object\":5624,\"custom_product_text\":true,\"product_title\":\"Telecommunications &#038; Media\",\"product_description\":\"Financing for telecom and media projects\"}]'>\n          Tech Media &#038; Telecom        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":15630,\"custom_product_text\":true,\"product_title\":\"Food &#038; Drink\",\"product_description\":\"Financial solutions for the food and drink sector\"},{\"product_object\":2452,\"custom_product_text\":true,\"product_title\":\"Perishable Food &#038; Crops\",\"product_description\":\"Financing solutions for the food industry\"},{\"product_object\":15419,\"custom_product_text\":true,\"product_title\":\"Fruit\",\"product_description\":\"Financing for the fruit trade industry\"},{\"product_object\":15539,\"custom_product_text\":true,\"product_title\":\"Marine &#038; Fishery\",\"product_description\":\"Financing for marine and fishery industries\"},{\"product_object\":15433,\"custom_product_text\":true,\"product_title\":\"Spices &#038; Aromatic Drugs\",\"product_description\":\"Financing for spices and pharmaceutical crops\"},{\"product_object\":15608,\"custom_product_text\":true,\"product_title\":\"Milk, Cream &#038; Dairy\",\"product_description\":\"Financing options for the dairy industry\"},{\"product_object\":15646,\"custom_product_text\":true,\"product_title\":\"Pasta &#038; Cous Cous\",\"product_description\":\"Financial solutions for pasta and couscous businesses\"},{\"product_object\":15548,\"custom_product_text\":true,\"product_title\":\"Baked Goods\",\"product_description\":\"Financial solutions for the baked goods sector\"},{\"product_object\":15653,\"custom_product_text\":true,\"product_title\":\"Confectionery\",\"product_description\":\"Financing for the confectionery industry\"},{\"product_object\":15698,\"custom_product_text\":true,\"product_title\":\"Alcohol\",\"product_description\":\"Financing options for the alcohol industry\"},{\"product_object\":2475,\"custom_product_text\":true,\"product_title\":\"Personal &#038; Household Goods\",\"product_description\":\"Finance solutions for personal and household goods\"},{\"product_object\":15691,\"custom_product_text\":true,\"product_title\":\"Pet Food &#038; Animal Feed\",\"product_description\":\"Financing for pet food and animal feed industries\"},{\"product_object\":15734,\"custom_product_text\":true,\"product_title\":\"Cleaning Products\",\"product_description\":\"Financial solutions for the cleaning products industry\"},{\"product_object\":15663,\"custom_product_text\":true,\"product_title\":\"Sugar\",\"product_description\":\"Financial solutions for the sugar industry\"},{\"product_object\":15659,\"custom_product_text\":true,\"product_title\":\"Coffee\",\"product_description\":\"Financial solutions for the coffee trade\"},{\"product_object\":15670,\"custom_product_text\":false,\"product_title\":\"Football\",\"product_description\":\"Financing for football industry receivables\"}]'>\n          Food &#038; Beverages        <\/button>\n              <button class=\"bg-white bordered d-inline-block dark:bg-prussian-blue dark:color-white fs-14 fw-700 mb-8 mr-8 px-16 py-8 rounded tab-instance\" tab-setting='[{\"product_object\":75095,\"custom_product_text\":true,\"product_title\":\"E-Commerce\",\"product_description\":\"Financing for technology, hardware, and software businesses\"},{\"product_object\":2459,\"custom_product_text\":true,\"product_title\":\"Electronic data products\",\"product_description\":\"Financing for ventures in electronic data products\"},{\"product_object\":8019,\"custom_product_text\":true,\"product_title\":\"Hospitality &#038; Bars\",\"product_description\":\"Financial solutions for the hospitality and bar industry\"},{\"product_object\":5598,\"custom_product_text\":true,\"product_title\":\"Recruitment\",\"product_description\":\"Financing for the recruitment industry\"},{\"product_object\":15727,\"custom_product_text\":true,\"product_title\":\"Printing\",\"product_description\":\"Financing for the printing industry\"},{\"product_object\":32550,\"custom_product_text\":true,\"product_title\":\"Packaging\",\"product_description\":\"Financing for the packaging industry\"},{\"product_object\":7729,\"custom_product_text\":true,\"product_title\":\"VoIP (Airtime)\",\"product_description\":\"Financing for Voice over Internet Protocol (VoIP) technology companies\"},{\"product_object\":7724,\"custom_product_text\":true,\"product_title\":\"Barristers, Judges &#038; QCs\",\"product_description\":\"pecialised financing for legal professionals\"},{\"product_object\":7736,\"custom_product_text\":true,\"product_title\":\"Fault and Non-Fault Insurance\",\"product_description\":\"Insurance finance for both fault and non-fault scenarios\"},{\"product_object\":15447,\"custom_product_text\":true,\"product_title\":\"Agricultural\",\"product_description\":\"Financing for the agricultural trade sector\"},{\"product_object\":15723,\"custom_product_text\":true,\"product_title\":\"Wood &#038; Carpentry\",\"product_description\":\"Financial solutions for the wood and carpentry industries\"},{\"product_object\":8074,\"custom_product_text\":true,\"product_title\":\"Marine\",\"product_description\":\"Financial solutions for the marine industry\"},{\"product_object\":31215,\"custom_product_text\":true,\"product_title\":\"Sports\",\"product_description\":\"Financial solutions for sports industry receivables\"},{\"product_object\":35679,\"custom_product_text\":true,\"product_title\":\"Basketball\",\"product_description\":\"Financing for basketball industry receivables\"},{\"product_object\":35674,\"custom_product_text\":true,\"product_title\":\"Cricket\",\"product_description\":\"Financial solutions for cricket industry receivables\"},{\"product_object\":33412,\"custom_product_text\":true,\"product_title\":\"Football\",\"product_description\":\"Financing for football industry receivables\"},{\"product_object\":35682,\"custom_product_text\":true,\"product_title\":\"Rugby\",\"product_description\":\"Financing for rugby industry receivables\"},{\"product_object\":35686,\"custom_product_text\":true,\"product_title\":\"Formula One\",\"product_description\":\"Financial solutions for Formula One (F1) industry 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construction projects          <\/span>\n        <\/a>\n      <\/div>\n    <\/div>\n          <div class=\"bg-white row-span-1 dark:bg-maastricht-blue rounded\" style=\"height:218px;\">\n      <div class=\"post-slide max-w-100 rounded\">\n        <a href=\"https:\/\/www.tradefinanceglobal.com\/finance-products\/marine-finance\/\">\n          <p class=\"fs-20 fw-700 elipsise-2-line word-break mb-20 dark:color-white\">\n            Marine Finance          <\/p>\n          <span class=\"fs-16 elipsise-3-line dark:color-white\">\n            Financial solutions for the marine industry          <\/span>\n        <\/a>\n      <\/div>\n    <\/div>\n                <\/div>\n            <\/div>\n                      <div class=\"swiper-slide gap-24 gap-xs-16\">\n              <div class=\"d-grid grid-col-1 gap-24 gap-xs-16 w-100\">\n                        <div class=\"bg-white row-span-1 dark:bg-maastricht-blue rounded\" style=\"height:218px;\">\n      <div class=\"post-slide max-w-100 rounded\">\n        <a href=\"https:\/\/www.tradefinanceglobal.com\/finance-products\/barristers-finance-judge-finance-qcs-finance-for-law-professionals\/\">\n          <p class=\"fs-20 fw-700 elipsise-2-line word-break mb-20 dark:color-white\">\n            Barristers, Judges a QCs Finance          <\/p>\n          <span class=\"fs-16 elipsise-3-line dark:color-white\">\n            Specialised financing for legal professionals          <\/span>\n        <\/a>\n      <\/div>\n    <\/div>\n          <div class=\"bg-white row-span-1 dark:bg-maastricht-blue rounded\" style=\"height:218px;\">\n      <div class=\"post-slide max-w-100 rounded\">\n        <a href=\"https:\/\/www.tradefinanceglobal.com\/finance-products\/grains\/\">\n          <p class=\"fs-20 fw-700 elipsise-2-line word-break mb-20 dark:color-white\">\n            Grains and Agri          <\/p>\n          <span class=\"fs-16 elipsise-3-line dark:color-white\">\n            Financing for soft commodities          <\/span>\n        <\/a>\n      <\/div>\n    <\/div>\n                <\/div>\n            <\/div>\n                  <\/div>\n        <div class=\"swiper-control mt-30\">\n          <div class=\"swiper-buttons\">\n            <div class=\"swiper-button-prev\"><\/div>\n            <div class=\"swiper-button-next\"><\/div>\n          <\/div>\n          <div class=\"swiper-scrollbar\"><\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n\n\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The North American Industry Classification System (NAICS) and the Standard Industrial Classification (SIC) system classify businesses based on their primary economic activities. However, they differ in several key aspects, reflecting\u2026 <a href=\"https:\/\/www.tradefinanceglobal.com\/customs\/comparing-naics-to-sic-codes\/\" class=\"read-more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":129124,"parent":68532,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"content-type":"","ep_exclude_from_search":false,"footnotes":""},"categories":[8428],"class_list":["post-129122","page","type-page","status-publish","has-post-thumbnail","hentry","category-customs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Comparing NAICS to SIC codes<\/title>\n<meta name=\"description\" content=\"The North American Industry Classification System (NAICS) and the Standard Industrial Classification (SIC) system classify businesses based on their primary economic 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