THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46203

Wholesale of unmanufactured tobacco

ประกอบกิจการขายส่งใบยาสูบหั่นเส้นทุกชนิดทั้งในประเทศและต่างประเทศ

What this activity covers

This activity involves the wholesale trade of unprocessed tobacco materials.

  • Tobacco stems — Wholesale of unprocessed tobacco stems
  • Cured tobacco — Wholesale of cured tobacco leaves
  • Cut tobacco leaves — Wholesale of cut tobacco leaves

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Tobacco import — Importing unprocessed tobacco materials

Not included here

  • Wholesale of tobacco products View activities 46323

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 462

Internal trade connected with native products or produce not yet prohibited by law

Mapped to wholesale of agricultural raw materials and live animals as the closest fit; the statute language is broader.

FBA B.E. 2542, List 3 (13)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity
List 3: Restricted, FBL/BOI route availableinherited from 46

Wholesale of goods of all kinds, where the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority wholesaler is exempt from this List 3 item (no Foreign Business Licence needed) once minimum registered capital reaches the Act's threshold, typically THB 100 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (15)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

23
active companies operate here
฿99.5Mregistered capital, combined
฿1.5B
Sector revenue · 2025
-38% since 2023
฿83.9M
Net profit · 2025
8 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿1.0M Thai

Based on few new registrations this year — read as a rough signal only.

New in 2026

1+0.0%

registrations, YTD

Registered capital

฿99.5M+21.6%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1Ladya Trading฿524.3M
  2. 2LVM 1970 Co., Ltd.฿353.2M
  3. 3A.N.P. Agritrade Co., Ltd.฿251.0M
  4. 4Sankamphaeng Agricultural Development Co., Ltd.฿125.4M
  5. 5DING DONG TRADING FRESH FOOD CO., LTD.฿121.3M

Largest by registered capital

  1. 1Thai Backhoe Co., Ltd.Chiang Rai฿15.0M
  2. 2A.N.P. Agritrade Co., Ltd.Bangkok฿12.0M
  3. 3LVM 1970 Co., Ltd.Kanchanaburi฿10.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

5
Registered
since 2022
5
Still active
0
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2023peak 2 in 20242026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand