The smallest country in Southeast Asia 500 generated the largest revenue

Indonesia, the largest economy in Southeast Asia in terms of gross domestic product and population, has the largest imprint in the list, which covers more than five of the total arrangement with 109 companies. Thailand, the second largest economy in the region, ranks second with 100.

Singapore, the richest economy in the region, is located according to the GDP of the individual, in the middle of the package, with 81 companies in Southeast Asia 500.

However, the small country that includes six million, which is measured by revenues that surpass its peers from ASEAN.

The total revenue from Southeast Asian companies reached 500, based in Singapore, 637 billion dollars, or about a third of the list revenues of $ 1.8 trillion. This is twice the number of Thailand, which is second with revenues of $ 352 billion.

What drives Singapore to classify revenues?

The “adult” banks in Singapore, DBS, OCBC and UOB-may be the most prominent companies in the city. The three banks are the most profitable companies in Southeast Asia 500.

However, it is not actually the largest Singapore -based companies in the list.

No. 1 in the list is the Trafigura collection, a group of goods that deal with minerals, minerals, oil and gas. Trafigura revenue for 2024 reached 243.2 billion dollars, more than any other company in the list and four times nearly the largest company following the revenue in Singapore.

Wilmar and Aamam, No. 4 and No. 5, both in the area of ​​agricultural business. These two companies are deeply guaranteed in the supply chain of consumer goods such as butter, nuts, grains and cooking oils. Williar and Aamar revenues reached 67.4 billion dollars and $ 42 billion, respectively, in 2024.

The central position of Singapore as a hub is a major location for companies who hope to carry out business throughout the region, especially in neighboring Malaysia and Indonesia.

Singapore as a financial center also helps to amplify its revenue share. Trafigura and Flex (No. 10) are both law coupled in Singapore, which makes them Singaporean companies, according to luck’S methodology – although the two companies have most of their operations, and even its operating headquarters, in other countries.