In this article we are going to list the 5 biggest wholesale companies in the world.. For a detailed coverage of this topic and a more comprehensive list, please take a look at the 15 biggest wholesale companies in the world.
5. Sinochem Group
Total revenue of the company in 2019 (in millions of dollars): 80,376
Total profit of the company in 2019 (in millions of dollars): 473
Total assets of the company in 2019 (in millions of dollars): 78,799
Total employees of the company in 2019: 60,049
China and Japan absolutely dominate the top 5 of the biggest wholesale companies in the world, and is involved in the trading of fertilizer as well as the exploration and production of oil for both military and civilian purposes. The company like most major companies in China, is state-owned and is headquartered in Beijing. It was founded 71 years ago in 1950.
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4. COFCO
Total revenue of the company in 2019 (in millions of dollars): 72,149
Total profit of the company in 2019 (in millions of dollars): 414
Total assets of the company in 2019 (in millions of dollars): 85,847
Total employees of the company in 2019: 110,896
COFCO is the biggest wholesale company in China, and is a food processing company which is state-owned. In fact, it is one of the biggest agribusiness companies in all of Asia, with headquarters being maintained in Beijing. The company has two main subsidiaries.
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3. Mitsui
Total revenue of the company in 2019 (in millions of dollars): 63,327
Total profit of the company in 2019 (in millions of dollars): 3,601
Total assets of the company in 2019 (in millions of dollars): 109,247
Total employees of the company in 2019: 45,624
Mitsui is another major company in Japan, and the top three wholesale companies both belong to Japan. Mitsui is said to be a keiretsu, which refers to companies which have interlocking shareholdings and business holdings as well. It includes many major companies such as Sumitomo Mitsui Banking Corporation, Mitsui & Co., Mitsui Fudosan and many more.
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2. Itochu
Total revenue of the company in 2019 (in millions of dollars): 100,522
Total profit of the company in 2019 (in millions of dollars): 4,611
Total assets of the company in 2019 (in millions of dollars): 101,042
Total employees of the company in 2019: 151,430
Itochu is a Japanese company which is headquartered in both Osaka and Tokyo and is one of the most popular employers in Japan, being ranked the top employer the past two years. It is a general trading company which is involved in many different industries including energy/chemical, real estate, metals and textiles. Its predecessor business was founded in 1858 while the current corporation was established comparatively recently in 1949.
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1. Mitsubishi
Total revenue of the company in 2019 (in millions of dollars): 135,940
Total profit of the company in 2019 (in millions of dollars): 4,924
Total assets of the company in 2019 (in millions of dollars): 167,018
Total employees of the company in 2019: 86,098
Easily topping the list of the 5 biggest wholesale companies in the world is Mitsubishi, the giant Japanese conglomerate which has an involvement in several major industries at a global level which include telecom, shipbuilding, financial services, mining, chemicals, food and beverage among many others. The company was established 151 years ago in 1870 and is headquartered in Tokyo. While it was disbanded during World War II during the Occupation of Japan, but the group reunited since and is now among the biggest companies in the world with revenues of more than $135 billion.
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