According to Thai media reports, the latest report from the National Bureau of Trade Policy and Strategy (NBTC) shows that in August 2024, the number of businesses opening in Thailand’s logistics sector decreased, while the number of closures increased significantly. At the same time, foreign investment in Thailand’s logistics industry continues to grow, particularly in the area of port facility operations.

In August, Thailand had a total of 44,007 registered logistics businesses, with 275 new companies opening, a 16.4% decrease compared to the same period last year. Meanwhile, 116 companies closed, an increase of 33.3%. This trend reflects the ongoing challenges facing the logistics industry amid the post-pandemic economic recovery.

Notably, transportation and cargo handling, as well as passenger services, accounted for 45.09% of all new logistics companies, with 124 new businesses operating in these areas. Road freight transport, freight forwarding, and customs brokerage services are also still key components of Thailand’s logistics industry.

Despite the decline in the number of new businesses, foreign investment in Thailand’s logistics industry continues to rise. In August, foreign investment in the logistics sector totaled 39.28 billion baht, accounting for 47.64% of total logistics investment. The main investors came from mainland China, the Netherlands, South Korea, Japan, and Hong Kong, with investments primarily directed at port facility operations (excluding cargo handling). These investments accounted for 72.11% of the total foreign investment.

Improvements and developments in port facilities have not only enhanced Thailand’s status as a regional logistics hub but also provided crucial support for cross-border trade. Logistics cooperation between Thailand, China, and other Southeast Asian countries has also strengthened, particularly in the area of international trade via ports and maritime transport.