Thai Industry Codes Entering or Leaving the Top 20 by Revenue 2026
In short
Seven of Thailand's top 20 industry codes by revenue changed between 2007 and 2025, based on registry data as of 14 August 2026. Seven codes entered and seven fell out. Thirteen held their place. Code 47732 jumped from rank 90 to rank 1. Code 24109 slid from rank 11 to rank 41.
Which codes entered or fell out of the top 20?
Seven codes entered and seven fell out, so the top 20 turned over by 35 percent in 18 years. The entrants are 47732, 46621, 46492, 46900, 35101, 45302 and 47113. The leavers are 24109, 20131, 46693, 26209, 45401, 20113 and 51101. The other 13 codes sat in the top 20 in both 2007 and 2025. Code 47732 is the headline. It ranked 90th in 2007 with 54.71 billion baht. By 2025 it ranked first with 8.85 trillion baht. Code 46621 went from 138th to second. Neither code has a published name in the registry extract, so we show code numbers only (DBD, 2026).
Rank places gained by the seven entrants
- 46621136
- 4530290
- 4773289
- 4711343
- 4649242
- 4690027
- 3510111
Figures in places climbed, 2007 rank minus 2025 rank.
Code 46621 made the longest climb, 136 places. Code 47732 follows closer to the pack, with 89.
Every code that entered, left or stayed
| TSIC code | Status | Rank 2007 | Rank 2025 |
|---|---|---|---|
| 47732 | Entered | 90 | 1 |
| 46621 | Entered | 138 | 2 |
| 46492 | Entered | 46 | 4 |
| 46900 | Entered | 37 | 10 |
| 35101 | Entered | 25 | 14 |
| 45302 | Entered | 107 | 17 |
| 47113 | Entered | 61 | 18 |
| 24109 | Left | 11 | 41 |
| 20131 | Left | 12 | 32 |
| 46693 | Left | 13 | 76 |
| 26209 | Left | 14 | 22 |
| 45401 | Left | 15 | 26 |
| 20113 | Left | 18 | 78 |
| 51101 | Left | 20 | 50 |
| 19201 | Stayed | 1 | 3 |
| 29309 | Stayed | 2 | 5 |
| 45101 | Stayed | 3 | 6 |
| 64191 | Stayed | 4 | 7 |
| 29102 | Stayed | 16 | 8 |
| 47300 | Stayed | 9 | 9 |
| 46612 | Stayed | 17 | 11 |
| 41002 | Stayed | 8 | 12 |
| 46321 | Stayed | 6 | 13 |
| 46622 | Stayed | 10 | 15 |
| 46441 | Stayed | 19 | 16 |
| 64202 | Stayed | 7 | 19 |
| 26109 | Stayed | 5 | 20 |
Rank by total revenue in statement year 2007 and 2025. Revenue figures are as filed, as of 14 Aug 2026.
Why the leavers fell
Falling out of the top 20 does not always mean shrinking. Code 26209 roughly doubled its revenue, from 238.43 billion baht to 503.83 billion baht, and still slipped from 14th to 22nd. The bar kept rising. The 20th place cutoff went from 210.21 billion baht in 2007 to 531.74 billion baht in 2025, which is 2.53 times higher. Code 24109 is the opposite case. Its revenue was flat, 305.80 billion baht then 304.32 billion baht, and it dropped 30 places. Codes 46693 and 20113 actually lost revenue and landed at ranks 76 and 78.
Why this matters
A fixed core of 13 codes still anchors the table, yet the top 20 now holds 46.09 percent of all code-level revenue. In 2007 it held 37.26 percent. The top 10 alone went from 27.28 percent to 36.85 percent. Rank churn is real at the bottom of the list and at the very top, but the prize for getting in keeps growing. A code that sat outside the top 50 in 2007 can lead the economy today, so analysts sizing a market should look at the whole ladder, not last decade's leaders. Registry coverage widened over this period, so read the ranks as a guide to direction and treat single revenue totals with care.
Definitions
- TSIC
- Thailand Standard Industrial Classification, the code system that sorts companies into industries. A 5-digit code is the finest level.
- Top 20
- The 20 industry codes with the highest total revenue in a given statement year.
- Rank churn
- The number of codes that enter or leave a ranking between two dates.
- Aggregate
- A total across all companies in a code, not a single firm.
Assumptions
- Only companies that filed a financial statement count toward revenue.
- Registry coverage widened between 2007 and 2025, so some climbs partly reflect better coverage.
- Only the two endpoint years are compared. Codes may have entered and left in between.
- Ranks cover codes with revenue data, 910 codes in 2007 and 998 codes in 2025.
- The data was computed on 14 August 2026, newer than the 7 July 2026 anchors in the data guide.
Methodology
Ranks use total revenue per 5-digit TSIC code from filed financial statements in the Department of Business Development registry, queried from pre-aggregated tables with computation date 14 August 2026. Statement years are converted from the Buddhist calendar, so 2550 is 2007 and 2568 is 2025. The incomplete 2026 year is excluded. Codes are shown by number only because the extract carries no 5-digit names. Registry coverage expanded over the period, so rank movement is more reliable than absolute revenue growth.
How we verified this
- Top 20 sets for 2007 and 2025 were compared: 13 shared, 7 only in 2025, 7 only in 2007, and 13 + 7 = 20 in each year.
- Top 20 share 2007: 8,861,682,768,832.53 divided by 23,785,044,518,751.80 equals 37.26 percent.
- Top 20 share 2025: 31,279,635,834,549.58 divided by 67,867,699,924,183.86 equals 46.09 percent.
- Top 10 share 2007: 6,488,547,260,202.51 divided by 23,785,044,518,751.80 equals 27.28 percent. Top 10 share 2025: 25,007,566,274,546.21 divided by 67,867,699,924,183.86 equals 36.85 percent.
- Cutoff ratio: 531,739,206,674.67 divided by 210,213,894,004.11 equals 2.53.
- Turnover: 7 changed codes divided by 20 equals 35 percent. Climbs: 138 minus 2 = 136, 90 minus 1 = 89, 107 minus 17 = 90, 61 minus 18 = 43, 46 minus 4 = 42, 37 minus 10 = 27, 25 minus 14 = 11.
- Code 26209 revenue: 503.83 divided by 238.43 equals 2.11 times. Code 24109: 304.32 divided by 305.80 equals 0.995.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates. Ministry of Commerce, Thailand. https://www.dbd.go.th/
Frequently asked questions
How many industry codes entered the top 20 by revenue between 2007 and 2025?
Seven: 47732, 46621, 46492, 46900, 35101, 45302 and 47113. Seven others left, and 13 stayed.
Which code climbed the most?
Code 46621 climbed from 138th to second, a gain of 136 places. Code 47732 went from 90th to first.
Can a code fall out while its revenue grows?
Yes. Code 26209 more than doubled its revenue and still fell from 14th to 22nd, because the cutoff for 20th place rose 2.53 times.
Why are codes shown without names?
The registry extract has no descriptions for 5-digit codes, so this page reports code numbers only.
Cite this page
Chatpong L. (2026). Thai Industry Codes Entering or Leaving the Top 20 by Revenue 2026. Max Data Insights. https://maxdatathailand.com/insights/thai-industry-codes-that-entered-or-left-the-top-20-by-revenue-2007-2025
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.