The Department of Business Development has disclosed the leading types of businesses with the highest earnings in 2023. These findings were derived from an analysis of financial reports from companies engaged in various sectors such as battery manufacturing, electric vehicle (EV) equipment, tourism, electrical appliances, pet care, event planning, e-commerce, cosmetics, health products, toys, and spiritual offerings.
Auramon Supthaweethum, the department’s director-general, shared that by examining financial statements of juristic entities in Thailand as of June 30, 2024, they were able to pinpoint the growth trajectories of businesses within the country.
The top 10 lucrative businesses included battery manufacturing and EV equipment, tourism, electrical appliances, pet care, event organizing, e-commerce, cosmetics, health products, toys, and spiritual businesses. These sectors demonstrated considerable income growth, aligning with modern lifestyle preferences focusing on technology, health consciousness, and environmental awareness.
Furthermore, notable business categories with remarkable growth in 2022 were identified as soybean oil production (a surge of 9,744%), rock salt mining (3,207% increase), interprovincial passenger transportation (1,095% rise), biofuel production (1,032% growth), and food retailing at local markets (up by 844%).
The department emphasized its commitment to monitoring shifts in the Thai business landscape to furnish valuable insights to enterprises and investors. By staying attuned to industry changes, they aim to equip stakeholders with the necessary knowledge to adapt effectively in the ever-evolving commercial environment.