Malaysia's e-commerce income reaches RM918.2bil in first nine months of 2024

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KUALA LUMPUR: Malaysia's e-commerce income grew by four per cent to RM918.2 billion in the first nine months of 2024, with the highest surge recorded in the second quarter (2Q), amounting to RM309.8 billion, the Department of Statistics Malaysia (DOSM) said.

The Economic Census (BE2023) for the reference year 2022, covering all active business establishments across all economic sectors, recorded 78,236 establishments involved in e-commerce transactions, generating RM1.13 trillion in income.

In terms of e-commerce income by market segment, the domestic market outperformed the international market, contributing over RM1 trillion(89.1 per cent), while the international market contributed RM123.4 billion (10.9 per cent).

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Category: EconomyBusiness

Markets: Malaysia

Topics: DoSM /Business/Business News E-Commerce Digital economy ICT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 15:52:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 645 words

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Sentences: 20 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24545819

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