Business

Country’s domestic trade sales hit RM1.766 trillion in 2024, driven by local products

Minister Armizan says strong post-pandemic growth underscores potential for wider market penetration by local goods

Updated 1 year ago · Published on 27 Jun 2025 2:48PM

Country’s domestic trade sales hit RM1.766 trillion in 2024, driven by local products
Continued upward momentum signals sustained resilience in the domestic distribution sector and offers greater opportunity for local products to expand their market share - June 27, 2025

MALAYSIA’S domestic trade sector recorded total sales of RM1.766 trillion in 2024, marking a 5.5 percent increase from RM1.674 trillion in 2023, according to Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

Speaking at the launch of the KPDN 2025 Southern Zone Roadshow and the 2025 Buy Malaysian Products Campaign (KBBM) under the “Jom Beli Lokal” theme in Iskandar Puteri today, Armizan said the continued upward momentum signals sustained resilience in the domestic distribution sector and offers greater opportunity for local products to expand their market share.

“This increase in trade sales is a positive momentum. It opens up space to mainstream local products into the wholesale and retail sectors,” he said at the event held at Puteri Harbour Convention Centre.

Also present were Deputy Minister Datuk Dr Fuziah Salleh, Johor Menteri Besar Datuk Onn Hafiz Ghazi, and Johor Investment and Trade Committee Chairman Lee Ting Han.

Johor was selected to kick off the 2025 KPDN Roadshow for the Southern Zone, which will run until 29 June. The 2024 edition of the programme recorded 761,659 visitors. The roadshow will later travel to five other zones—North (Kedah), East (Pahang), Central (Selangor), Sabah, and Sarawak—featuring consumer awareness campaigns, local product showcases, and exhibitions by various government agencies.

Armizan described the 2025 KBBM campaign as a strategic tool to bolster domestic economic growth and assist micro, small, and medium enterprises (MSMEs) in expanding their reach both locally and abroad.

“This campaign is a platform to showcase the quality of local products as the preferred choice, while also reducing reliance on imported goods,” he said.

KPDN recorded over RM347 million in sales through the KBBM campaign during 2023 and 2024, involving nearly 700,000 stock-keeping units (SKUs) across three major e-commerce platforms: TikTok, Shopee, and Lazada.

Armizan also emphasised that the campaign’s rollout is being coordinated on a national scale with cross-sector collaboration involving government ministries, agencies, private entities, and civil society organisations.

At the ministry level, he noted that strategic partnerships with the retail industry and e-commerce platforms will be further enhanced under the “Local to Global Retail” initiative, aimed at boosting the international presence of Malaysian products.

“‘Jom Beli Lokal’ is more than just an awareness drive; it is a long-term policy framework to strengthen the country’s economic security.

“This is not solely a ministry initiative. If domestic trade sales have reached RM1.766 trillion, then we want to ensure that more local products are taking up space in that market,” he added. - June 27, 2025

Spotlight

Malaysia

Elderly man admits to hitting neighbour with iron rod

Malaysia

Body found at KLIA2 in tyre storage compartment of aircraft from Japan

Malaysia

Factory operator faces rape, unnatural sex charges involving polytechnic student

Malaysia

Ismail Sabri granted RM300k bail after pleading not guilty to asset declaration charge

By Alfian Z.M. Tahir

Malaysia

Sunway Lagoon ride halted as safety probe seeks to protect public - DOSH

Malaysia

Malaysia ready to deploy military expertise for Nepal flood relief, says Defence Minister

Malaysia

Violence in Thailand: Visitors drop by almost 50 per cent

By Ian McIntyre

You may be interested

Business

Malaysia’s international reserves stand at US$132.07b in July

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat

Business

Robo.ai Inc announces appointment of new independent director

By Alfian Z.M. Tahir

Business

Oil falls for fourth day as Hormuz supply fears ease

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

K8 Cargo: Company still in limbo, claims CEO

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings