KUALA LUMPUR – Malaysia’s e-commerce income surges to RM279 billion, a jump of 17.1% year-on-year in the third quarter of 2021, according to the Statistics Department.
Commenting on the Malaysia Digital Economy 2021 report today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in terms of quarter-on-quarter growth, it maintained a positive trend of 4.3%.
“From January to September, e-commerce income recorded RM801.2 billion, an increase of 23.1% y-o-y,” he said.
At the state level, Mohd Uzir said e-commerce was driven by industrial states, namely Selangor, Kuala Lumpur, Johor, and Penang.
In view of industry, manufacturing and services sectors remained as the key drivers of growth.
“Indeed, the improved performance was attributed to the adoption of new normal during the Covid-19 pandemic, in which it boosted digital usage in Malaysia,” he said.
Given the e-commerce income by market segment in 2019, the income of the local market, which was generated from sales conducted in Malaysia, dominated the market with a contribution of 87.6%, as compared to the international market’s 12.4%.
The value of the income generated was RM591.8 billion and RM83.5 billion, respectively.
Accordingly, e-commerce income by type of customer via business to business registered the highest income of RM449.6 billion with a 66.6% contribution, followed by business to consumer at RM194.0 billion (28.7%).
“In the meantime, business to government recorded RM31.8 billion (4.7%),” he said, adding that digital technology has the potential to propel Malaysia’s economic growth.
The Malaysia Digital Economy Blueprint launched by the government in February is the foundation for Malaysia’s transformation into a “regional digital pulse”, which is expected to boost productivity, stimulate innovation, and improve livelihoods by harnessing the internet, big data, the internet of things, artificial intelligence, and other technologies. – Bernama, November 10, 2021
