Singapore Companies Generates Highest Revenue in Southeast Asia

• Singaporean companies top Southeast Asia’s revenue list, generating $819Billion.
• Trafigura leads with $312.6B, making Singapore the regional revenue powerhouse.
• Singapore's DBS, OCBC, and UOB rank as Southeast Asia's most profitable firms.

According to the Fortune Southeast Asia 500, released this week, Singaporean companies generated the most revenue of the region's largest companies.

The list that measures the region's 500 largest companies by revenue includes companies from seven economies: Indonesia, Thailand, Malaysia, Vietnam, the Philippines, Cambodia, and Singapore.

While Singapore is the region's wealthiest country based on GDP per capita, it ranked third in representation with 81 companies on the list, behind Indonesia (109) and Thailand (100). When measured by revenue, however, Singapore ranked number one by a large margin over all its ASEAN colleagues.

Also Read: STMicroelectronics Expands PiezoMEMS Efforts in Singapore

The Singaporean companies represented on the list generated a total of $819b (US$637b), or over one-third, of the total $2.31t (US$1.8t) generated by all 500 companies. This figure is almost double the total for Thailand at $452b (US$352b).

Heading the list is the Singapore-headquartered Trafigura Group. Trafigura is a commodities trading company that has reported $312.6b (US$243.2b

The three local banks in Singapore: DBS, OCBC and UOB just so happened to rank as the most profitable companies, but don't have the most revenue.

Some significant companies from Singapore include global agribusinesses Wilmar International and Olam Group at ranks 4 and 5 respectively. Last year, Wilmar had $86.6b (US$67.4b) in revenue, and Olam had $53.2b (US$42b) in revenue.

Singapore, as a regional financial and trading hub, continues to attract multinational companies. Companies like Trafigura and Flex (ranked 10th) are legally incorporated in Singapore or are multinationals with majority operations in Singapore, which factors into the city's share of revenue under Fortune's approach.