news

Income from e-commerce transactions up 30% y-o-y in 1Q21 — DOSM

KUALA LUMPUR (July 6): Income from e-commerce transactions surged 30% year-on-year (y-o-y) in the first quarter of 2021 (1Q21) to RM254.6 billion from RM195.9 billion in 1Q20, according to the Department of Statistics Malaysia (DOSM).

In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in 2020, income from e-commerce rose 32.7% to RM896.4 billion as compared to 2019.

The e-commerce income of establishments accelerated by 22.8% in 2019 to RM675.4 billion as compared to 2017.

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

“E-commerce income by type of customers via business to business (B2B) rose 13% to RM449.6 billion, followed by business to consumer (B2C) which increased 53.3% to RM194 billion.

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

According to the chief statistician, e-commerce expenditure recorded an increase 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, e-commerce expenditure by type of market via B2B rose 14.1% to RM277.6 billion, [while that of] B2C increased 24.6% to RM14.8 billion and B2G grew 22.6% to RM9.1 billion,” said Mohd Uzir.

Subsequently, Internet usage also recorded an increase of 11.9 percentage points to 85.2%, followed by computers, up 7.3 percentage points at 86.2%, while web presence notched a 16.1 percentage points increase to 53.9%.

The information and communications, and financial and takaful/insurance sectors had fully utilised the usage of Internet and computers in the business.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Number of unemployed up slightly in July 2021 — DOSM
  2. Building material costs higher for most building categories in August 2021
  3. Malaysia's economic recovery momentum may be derailed by Covid-19 surge - DOSM