Wholesale and retail trade sector registered RM 1.27 trillion worth sales in 2018

According to the Department of Statistics of Malaysia (DOSM), the number of establishments in 2018 that have operated in the wholesale and retail trade sector were 469,024, recording a growth of 4.8 percent.

Selangor had recorded the highest number of establishments with 94,857, followed by W.P. Kuala Lumpur, which had 71,433 establishments.

The DOSM further stated that the total sales value of goods and services generated was RM 1,270.8 billion with a growth of 8.6 percent. Whereas, the wholesale trade sub-sector was the largest contributor for total sales value of goods and services with RM 663.7 billion, followed by retail trade at RM 459.9 billion and motor vehicles at RM 147.2 billion.

Micro-sized establishments registered the highest number establishment of 378,145, followed by small-sized establishments at 75,736 and medium-sized establishments at 8,904.

Department of Statistics Malaysia

Meanwhile, women-owned establishments in wholesale and retail trade sector recorded 91,043 establishments with a groth of 4.7 percent.

“Sales value amounted to RM 81.3 billion with a share of 6.4 percent to the total sales value for this sector. Total number of persons engaged registered amounted to267,974,” the DOSM said.

In terms of information and communication technology, 89.6 per cent establishments used computers in Wholesale & retail trade sector. Meanwhile, 84.0 percent establishments used internet and 52.2 per cent used web presence.

Furthermore, Selangor had also recorded the highest e-commerce income of RM 44.2 billion.

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