Five Thai Industry Codes Behind the Revenue Share Shift 2015-2025
In short
Five 5-digit industry codes, all in wholesale and retail trade, gained the most revenue share between 2015 and 2025. Code 47732 alone climbed from 1.97 to 13.04 percent of reported revenue. Together the five added 19.07 points. That is 75.8 percent of all the share that rising codes gained. The data is as of 14 August 2026.
Which codes gained the most revenue share?
Five codes did most of the work, and every one of them sits in section G, wholesale and retail trade. Code 47732 leads by a wide margin. Its share of reported revenue rose from 1.97 percent in 2015 to 13.04 percent in 2025, a gain of 11.07 points (DBD, 2026). Code 46621 is second, up 4.45 points to 5.19 percent. Code 46492 added 2.12 points, code 46900 added 0.74 points and code 46612 added 0.70 points. None of the five sits outside trade.
Revenue share gained, 2015 to 2025
- Code 4773211
- Code 466214
- Code 464922
- Code 469001
- Code 466121
Figures in percentage points of revenue share.
One code supplies more than half of the top five's total gain.
The five risers in detail
| Code | Share 2015 | Share 2025 | Gain in points | Revenue 2015 (bn baht) | Revenue 2025 (bn baht) | Companies 2015 | Companies 2025 |
|---|---|---|---|---|---|---|---|
| 47732 | 1.97% | 13.04% | 11 | 802.74 | 8,848.37 | 2,117 | 8,523 |
| 46621 | 0.75% | 5.19% | 4 | 304.98 | 3,525.38 | 351 | 458 |
| 46492 | 1.71% | 3.83% | 2 | 696.89 | 2,599.42 | 1,812 | 1,615 |
| 46900 | 0.68% | 1.42% | 1 | 279.10 | 965.46 | 3,748 | 6,608 |
| 46612 | 0.59% | 1.28% | 1 | 239.56 | 871.12 | 882 | 1,033 |
Share of reported revenue across all 5-digit codes in the year, 2015 and 2025, with revenue in billion baht and filing companies. All five codes are in section G. As of 14 Aug 2026.
How concentrated is the shift?
Of 938 codes reporting in both years, 392 gained share. Their combined gain was 25.17 points. The top five hold 19.07 of those points, or 75.8 percent. Section G as a whole rose from 34.73 to 49.36 percent of reported revenue. That is a net gain of 14.63 points, smaller than the top five's 19.07. So other codes inside trade lost ground while these five surged. Code 47732 grew its revenue 11.02 times while its filing companies grew 4.03 times. Code 46492 is the odd one out. Its revenue rose 3.73 times while its filing count fell from 1,812 to 1,615. Fewer filers carried far more revenue.
Why this matters
A share is a ratio, so it can rise because a code grew or because the registry saw it better. Treat this as a map of where reported revenue now sits, not proof of where Thai commerce grew fastest. Even so, the pattern is hard to ignore. A single 5-digit code now holds more than one baht in eight of reported revenue. Anyone sizing a market, screening suppliers or benchmarking a competitor in trade should check which code a company files under. Two firms in the same section can sit in codes whose scale differs by an order of magnitude. Pair this page with the national accounts from the NESDC before drawing conclusions about the real economy (NESDC, n.d.).
Definitions
- TSIC code
- The Thailand Standard Industrial Classification code. The first letter marks the section and five digits mark the detailed industry.
- Revenue share
- A code's reported revenue divided by the sum of reported revenue across all codes in the same year.
- Percentage point
- The simple difference between two shares. Moving from 2 percent to 5 percent is a gain of 3 points.
- Section G
- Wholesale and retail trade, including repair of motor vehicles.
Assumptions
- The share denominator is the sum of code-level rows in each year, not the whole-registry revenue total.
- Registry coverage widened over the decade, so part of any share gain may reflect more companies filing.
- Revenue is as filed and may include intra-group sales, which can inflate wholesale codes.
- Only codes reporting in both 2015 and 2025 were ranked.
Methodology
Source: Department of Business Development registry aggregates by 5-digit TSIC code and statement year, rows computed 14 August 2026. Statement years are Buddhist era, so 2558 is 2015 and 2568 is 2025. Share is a code's reported revenue divided by the sum of reported revenue across all codes in that year. That denominator is 40.80 trillion baht in 2015 and 67.87 trillion baht in 2025, which is lower than the whole-registry total because only codes with year-level rows are summed. Codes present in both years were ranked by gain in share points. Section assignment comes from the code-level table. Codes cannot be named because the registry carries no English description for them. The 2026 statement year is excluded as incomplete.
How we verified this
- Code 47732 share 2015: 802.74 / 40,799.19 bn baht = 1.97 percent. Share 2025: 8,848.37 / 67,867.70 = 13.04 percent. Gain 11.07 points.
- Top five gains from unrounded shares sum to 19.07 points, matching the summed 2025 shares 24.77 minus 2015 shares 5.69. The rounded gains in the table add to 19.08 because of rounding.
- Top five 2025 revenue: 8,848.37 + 3,525.38 + 2,599.42 + 965.46 + 871.12 = 16,809.75 bn baht, which is 24.77 percent of 67,867.70 bn baht.
- Concentration: 19.07 / 25.17 = 75.8 percent of the positive share shifts across 392 rising codes.
- Revenue multiples: 8,848.37 / 802.74 = 11.02, and companies 8,523 / 2,117 = 4.03. Code 46492: 2,599.42 / 696.89 = 3.73.
- Section G share: 34.73 percent in 2015 and 49.36 percent in 2025, a net gain of 14.63 points, below the top five's 19.07.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates by TSIC code and year. Ministry of Commerce, Thailand. https://www.dbd.go.th/
- National Economic and Social Development Council. (n.d.). National accounts of Thailand. Office of the NESDC, Thailand. https://www.nesdc.go.th/
Frequently asked questions
Which Thai industry code gained the most revenue share from 2015 to 2025?
Code 47732 in section G, wholesale and retail trade. Its share rose from 1.97 percent to 13.04 percent, a gain of 11.07 points.
Are all five top risers in the same section?
Yes. Codes 47732, 46621, 46492, 46900 and 46612 are all in section G, wholesale and retail trade.
Does a rising share mean the industry grew faster than the economy?
Not necessarily. Share also moves when more companies file or when registry coverage improves, so read it as where reported revenue sits.
Why are the codes not named?
The registry holds no English description for 5-digit codes, so this page names only the section.
Cite this page
Chatpong L. (2026). Five Thai Industry Codes Behind the Revenue Share Shift 2015-2025. Max Data Insights. https://maxdatathailand.com/insights/five-thai-industry-codes-behind-the-rise-in-code-revenue-share-2015-2025
Data & corrections
Download the data (CSV)Spot something off, or want to ask about the data? Email insights@maxsolutions.co.th. We publish corrections.
Written by
Chatpong L.Founder, Max Data, Max Solutions Co., Ltd.
Chatpong L. leads Max Data, a company-intelligence platform built on Thailand's official business registry. He writes about the structure of the Thai economy using primary registry data. His work covers company formation, industry concentration, and regional business activity.
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This page reports company-level and aggregate statistics only. It names no individuals and makes no claims about any person. Figures are provided for information and may be revised as source data updates.