, /PRNewswire/ -- Fortune today unveils the rankings for 2024, a first-time list of the largest companies in the region, ranking them by revenue for the 2023 fiscal year. Fortune's focus on the region comes as gains greater significance in the global economy due to shifting supply chains and the rapid development of the region's economies. The inaugural rankings include companies from seven Southeast Asian nations: , , , , , , and .
dominates with 110 companies. follows with 107. , with 89 companies on the list, edged out with 84.
is home to 70 companies on the list, to 38, and to two. In revenue terms, -based commodities trader is No.1 on the list and dominates the rankings with sales of .
The privately held commodity trader in minerals, metals, and energy had the fewest employees among the list's top ten companies by revenue and is the second most profitable amongst this group. The top 10 companies in the 500 are a diverse group. The energy sector holds three of the top spots, with PTT coming in at No.
2, Pertamina at No.3, and Indonesian state electricity company, Perusahaan Listrik Negara, taking the No.6 spot.
Notably, has the most companies in the top 10, with Trafigura joined by Wilmar at No.4, Olam at No. 5, Flex at No.
8 and DBS at No.10. Also in the top ten are CP All at No.
7 and San Miguel at No.9. The ten largest companies on the list reported revenues of .
That accounts for more than a third of the revenue for fiscal year 2023 across all 500 companies which reporte.