The North American Industry Classification abbreviated as “NAICS” is a code used in the United States, Canada and Mexico for classification and the measurement of the economic activity in these countries. It is a standard 6 digit code which is used for industry classification by federal statistical agencies. NAICS is a standard industrial classification code, and it is used very extensively for the purposes of auditing, identifying government contracts, analysis and the presentation of data and so on.
NAICS sectors are listed below:
SIC |
NAICS |
Includes 1004 industries |
Includes 1170 industries |
Low intensity industry activity classification |
High intensity industry activity classification |
Not frequently updated |
Updated every 5 years |
Cannot be seamlessly converted to NAICS code |
Can be converted to SIC’s code |
Lacks current industry information |
Has current industry information |
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NAICS Classification Examples:
Example 1: Southern Steel & Supply, LLC
Sector | 42 |
Wholesale Trade |
Subsector |
423 |
Merchant Wholesalers, Durable Goods |
Industry Group |
4238 |
Machinery, Equipment, and Supplies Merchant Wholesalers |
Industry |
42383 |
Industrial Machinery and Equipment Merchant Wholesalers |
U.S. Industry |
423830 |
Industrial Machinery and Equipment Merchant Wholesalers |
Non-English Example 2: Mastretta Guzman Comunicacion, S A De C V
Sector | 31-33 |
Manufacturing |
Subsector |
334 |
Computer and Electronic Product Manufacturing |
Industry Group |
3342 |
Communications Equipment Manufacturing |
Industry |
33422 |
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing |
U.S. Industry |
334220 |
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing |
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