SIC Codes - Standard Industrial Classification (SIC) Codes

What is a SIC Code ?

Standard Industrial Classification (SIC) codes are four digit numerical codes assigned by the U.S. government to business establishments to identify the primary business of the establishment. The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code. Established in the United States in 1937, it is used by government agencies to classify industry areas. The classification was developed to facilitate the collection, presentation and analysis of data; and to promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies and private organizations. The classification covers all economic activities.

The SIC system arrays the economy into 11 divisions, that are divided into 83 2-digit major groups, that are further subdivided into 416 3-digit industry groups, and finally disaggregated into 1,005 4-digit industries. In the United States the SIC code is being supplanted by the six-digit North American Industry Classification System (NAICS code), which was released in 1997; however certain government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes.

The SIC system is also used by agencies in other countries, e.g., by the United Kingdom's Companies House.

SIC Code Title
08 Forestry
0811 Timber Tracts
081100 Timber tracts
08110000 Timber tracts
081199 Timber tracts, nec
08119901 Christmas tree farm
08119902 Timber tracts, hardwood
08119903 Timber tracts, softwood
08119904 Tree farm
0831 Forest Products
083100 Forest products
08310000 Forest products
083101 Gathering of forest products
08310100 Gathering of forest products
08310101 Balsam needles gathering
08310102 Bark gathering
08310103 Ginseng gathering
08310104 Gum gathering
08310105 Huckleberry greens gathering
08310106 Maple sap gathering
08310107 Moss gathering
08310108 Teaberries gathering
08310109 Tree seeds gathering
083102 Gum and resin extraction and distillation
08310200 Gum and resin extraction and distillation
08310201 Gum distillation (in forest, farm)
08310202 Gum extraction
08310204 Turpentine and rosin distillation (in forest, on farm)
083199 Forest products, nec
08319901 Forest nurseries
08319902 Rubber plantations
08319903 Tree seeds extracting
0851 Forestry Services
085100 Forestry services
08510000 Forestry services
085101 Forest management services
08510100 Forest management services
08510101 Forest management plans, preparation of
08510102 Reforestation services
085199 Forestry services, nec
08519901 Fire fighting services, forest
08519902 Fire prevention services, forest
08519903 Pest control services, forest
08519904 Timber cruising services
08519905 Timber estimating services
08519906 Timber valuation services
 

What are SIC Codes used for?

  • The Security and Exchange Commission (SEC) uses SIC codes when sorting company filings.
  • Companies that operate in a certain industry use a specific SIC code when filing with the SEC so that the type of business is properly identified.
  • Identifying government contracts by their SIC description.
  • To facilitate the collection, presentation, and analysis of data.
  • To promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies, and private organizations.

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Why are SIC Codes important?

  • Your SIC code is often asked for on various applications and forms.
  • SIC Codes organize industries utilizing a numerical system that defines a business according to its highest revenue source at a particular location.
  • SIC Codes allow the gathering and analysis of data quickly and efficiently.
  • By identifying your company’s SIC Code, eligibility for government contracts may be realized.
  • To identify competitors, public and private.

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How to Read a SIC Code ?

For Example :

Division 20-39 Manufacturing
Major Group 25 Furniture and Fixtures
Industry Group 25 Office Furniture
Industry 2521 Wood Office Furniture

The first two digits of the code identify the major industry group, the third digit identifies the industry group and the fourth digit identifies the industry.

( Note: The digit "9" is used in the third or fourth digit position of the classification code to designate miscellaneous industries not elsewhere classified (NEC). These miscellaneous classifications are not comprised of homogeneous primary activity groups. They are grouped together and treated as a separate industry in order to retain the homogeneity of the other industries in the group. )