Malaysia’s wholesale, retail trade hits 310 billion USD in 2021
Malaysia’s wholesale and retail trade valued at 1.3 trillion MYR (310 billion USD) in 2021, posting a year-on-year expansion of 4 percent, according to the Department of Statistics Malaysia (DOSM).
A man brows through shelves in a supermarket. (Photo: Bernama)
Kuala Lumpur (VNA) – Malaysia’s wholesale andretail trade valued at 1.3 trillion MYR (310 billion USD) in 2021, posting ayear-on-year expansion of 4 percent, according to the Department of StatisticsMalaysia (DOSM).
The value amounted to 120.5 billion MYR last December, supportedby the reopening of various economic sectors including interstate travels.
Wholesale trade increased 6.4 percent to 641.8 billion MYR, andretail trade 4.4 percent to 533.6 billion MYR.
In December, the 3.5 percent rise in wholesale andretail trade was contributed by the retail trade sub-sector, which grew 3.5percent to 48.5 billion MYR.
Retail Internet sales in the month saw a year-on-year surgeof 20.7 percent.
Wholesale trade increased 4.1 percent to 57.6 billion MYR inlast December, driven by an 8.1 percent expansion to 11.5 billion MYR in food,beverages and tobacco; and 14.7 percent growth to 4.7 billion MYR seen in agriculturalraw materials and live animals./.
Malaysia's unemployment rate fell to 4.2 percent in December from 4.3 percent in the previous month, data of the Department of Statistics Malaysia (DOSM) showed.
Malaysia's Industrial Production Index (IPI) increased 5.8 percent in December 2021 compared to the same month of the previous year, according to the country's Department of Statistics Malaysia (DoSM).
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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A man brows through shelves in a supermarket. (Photo: Bernama) 
