Business

Q1 income from e-commerce transactions jumps 30% on-year

RM254.6 billion recorded in first 3 months of 2021, reports Stats Dept

Updated 5 years ago · Published on 06 Jul 2021 11:00PM

Q1 income from e-commerce transactions jumps 30% on-year
Online shopping has seen a boom amid the Covid-19 pandemic. – Pixabay pic, July 6, 2021

KUALA LUMPUR – Income from e-commerce transactions surged 30.0% year-on-year in the first quarter of 2021 to RM254.6 billion from the RM195.9 billion logged previously, said the Statistics Department.

In a statement today, Chief Statistician Datuk Seri Mohd Uzir Mahidin said in 2020, such income rose 32.7% to RM896.4 billion from 2019.

Establishments’ e-commerce income accelerated by 22.8% in 2019 to RM675.4 billion from the figure recorded in 2017.

For the reference year 2019, Uzir said e-commerce income from the local market segment increased 21.7% to RM591.8 billion, while the international market saw an increase of 31.9% to RM83.5 billion.

“E-commerce income by type of customers via business-to-business (B2B) rose 13.0% to RM449.6 billion, followed by business-to-consumer (B2C), which increased 53.3% to RM194.0 billion.

“Business-to-government (B2G), meanwhile, grew 55.7% to RM31.8 billion.”

He said e-commerce expenditure registered a rise of 14.8% to RM301.5 billion.

“The local market segment increased 15.3% to RM269.6 billion, while the international market grew 10.8% to RM31.9 billion.

“Meanwhile, for e-commerce expenditure by type of market, B2B rose 14.1% to RM277.6 billion, B2C increased 24.6% to RM14.8 billion, and B2G grew 22.6% to RM9.1 billion.”

Subsequently, internet use saw an increase of 11.9 percentage points to 85.2%, followed by computers (up 7.3 percentage points to 86.2%) and web presence (up 16.1 percentage points to 53.9%). – Bernama, July 6, 2021

Related News

Malaysia / 5mth

Steven Sim calls for strong collaboration between e-commerce firms and cooperatives

Business / 3y

China’s Alibaba sees 63% rise in April-June income

Malaysia / 3y

Average household income rose to RM8,479 last year: Statistics Dept

Business / 3y

Malaysia posts RM222.1 bil total trade in June 2023: DoSM

Business / 3y

E-commerce income up 10.4% y-o-y in Q1 2023: DoSM

Business / 3y

Unemployment numbers down in April 2023: Statistics Dept

Spotlight

Trump’s North Korea gamble deepens Asia’s doubts over US alliances

Malaysia

Rayer denies involvement in 'Maha Kali Red Rally', claims name and photo misused

Malaysia

E-Hailing driver charged with attempted murder after allegedly setting worker on fire

Business

Nation’s economic outlook strengthens as leading index signals continued growth

Malaysia

‘No parent wants her child to be remembered this way,’ says mother of 14-year-old Keziah

Malaysia

RM1.96m Penang land probe: Two ‘Datuks’ remain in custody

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Malaysia

PH leaders hold talks as Melaka election plans take shape

Malaysia

Bersama rejects political alliances, vows to go solo in Melaka state election

You may be interested

Business

Matrix Concepts records RM416.7m in 1Q27 sales as geographic diversification gains traction

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Business

Oil prices pull back after rally as markets brace for tougher Iran sanctions

Business

Nation’s economic outlook strengthens as leading index signals continued growth

Business

Govt rules out RM7.5b Datasonic takeover amid identity security concerns