To give some global trade perspective on recent company performance, the overall value of Thai exports increased by 9.8% from US$227.6 billion in 2014 to $249.8 billion during 2018. From 2017 to 2018, Thailand’s exported goods appreciated by 5.8%.
In the analysis below, we compare 10 of Thailand’s top exports-related companies based on asset values, sales and profitability as of December 2018. Also shown is an estimated number of employees for each conglomerate.
Thailand’s Top 10 Major Export Companies
- Assets
- Sales
- Profit
- Employees
Assets
Below are Thailand’s biggest export companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of December 2018 compared to 2017.
- Siam Commercial Bank (financial services): US$97.7 billion, up 6.1% from 2017
- PTT PCL (oil, gas): $68.5 billion, up 8.1%
- Siam Cement (specialized chemicals): $18.7 billion, up 24.1%
- Charoen Pokphand Foods (food processing): $18.2 billion, up 11.9%
- PTT Global Chemical (diversified chemicals): $14.3 billion, up 30.2%
- Thai Beverage (beverages): $12.6 billion, up 141.8%
- CP All (specialty stores): $11.1 billion, up 12.8%
- Advanced Info Service (telecommunications services): $8.7 billion, up 13%
- Thai Oil (oil, gas): $7 billion, up 14.9%
- Airports of Thailand (other transportation): $5.5 billion, up 14.1%
All 10 of Thailand’s leading multinationals grew their asset values from 2017 to December 2018, led by Thai Beverage’s 141.8% increase. PTT Global Chemical (up 30.2%) and Siam Cement (up 24.1%) also posted healthy asset gains.
Siam Commercial Bank (up 6.1%) and PTT PCL (up 8.1%) recorded the most modest asset growth percentages.
Sales
Profit
Employees
Note some of the above company offerings may include products other than the principal category shown within parenthesis under the Assets tab.
For example, PTT PCL operates a petroleum business. The company also produces natural gas, petrochemical products and coal.
Charoen Pokphand Foods specializes in livestock (chicken, ducks, pigs) and aquaculture (fish, shrimp). The company also produces animal feed, farm products, processed foods and ready-to-eat meals.
See also Thailand’s Top 10 Exports, Thailand’s Top Trading Partners and Thailand’s Top 10 Imports
Research Sources:
Forbes Global 2000 individual company profiles, Example of top Thailand company compiled for this study: PTT PCL. Accessed on October 2, 2019
Forbes Global 2000 rankings for Thailand, The World’s Biggest Public Companies. Accessed on October 2, 2019
International Trade Centre, Trade Map. Accessed on October 2, 2019
TopForeignStocks.com, Forbes Global 2000 Companies List: Year 2017 Edition page 7. Accessed on October 2, 2019
Wikipedia, Category: Companies of Thailand. Accessed on October 2, 2019
Wikipedia, List of companies of Thailand. Accessed on October 2, 2019