WHAT EXACTLY IS ECOMMERCE?

eCommerce has become a buzzword thrown around in recent years to describe everything from online shopping to eMarketing, but what exactly is eCommerce?

To put it simply, it refers to the buying and selling of products over the Internet, and the services that support such activity, including marketing, development of online sales platforms, delivery services, and more.

Worldwide eCommerce Sales Figures

As the internet penetration rate continues to climb worldwide, eCommerce continues to enjoy a robust growth around the world. Here are the recorded eCommerce sales for 2017.

USD 2.3T

WORLDWIDE

USD 1.5T

ASIA PACIFIC

USD 10.6B

SOUTHEAST ASIA

USD 2.4B

MALAYSIA
Source: statista.com, Google Inc

eCommerce Contribution to GDP

In 2017, Malaysia’s eCommerce industry recorded a 14.3% year-on-year growth from 2016. Here are the figures behind Malaysia’s performance in the eCommerce space for 2017.

RM 1.35T

NATIONAL GDP for 2017

RM 247.1B

The Digital GDP contributed 18.3% to the total National GDP

RM 85.8B

The eCommerce GDP contributed 6.3% to the total Digital GDP of Malaysia

Our Strategic Initiatives

In order to further develop Malaysia’s eCommerce ecosystem, we’ve set out key strategic initiatives that would guide us in our actions.

Accelerate seller adoption of eCommerce
Increase adoption of eProcurement by businesses
Lift non-tariff barriers
Realign existing economic incentives
Make strategic investments in selected eCommerce player(s)
Promote national brands to boost cross-border eCommerce

TOPICS OF INTEREST

#eUsahawan

Pick up the skills to grow your business in a digital environment

Learn More

Go eCommerce

Discover how we’re assisting startups and industry veterans to embrace e-Commerce

Learn More

Digital Free Trade Zone

Learn how we’re intensifying Malaysia’s cross border eCommerce

Learn More

#MYCYBERSALE

Learn more about Malaysia’s largest annual digital sale event

Learn More

National eCommerce Roadmap

Discover our plans to take Malaysia’s eCommerce efforts to the next level

Learn More

Featured Companies

SUCCESSFUL TESTIMONIAL VIDEOS

Discover how eCommerce has transformed the way Malaysians perform their daily transactions.

Learn More