Digital Trade- A Blooming Field in Malaysia-

 In recent years, Malaysia has witnessed an exponential growth in creating a digital economy as quite 60,000 online businesses have registered with the varied government agencies. The digital economy now accounted for 18.2% of the country's GDP in 2016 and therefore the number have increased significantly in recent years, consistent with estimates by international Trade and Industry Ministry.

The country has smartly developed an ambitious agenda to completely take the advantages of obtainable digital technologies for the state by giving grants and industry-research matching schemes to organizations. Here, digital trade like business directory malaysia plays a key role in achieving the vision and online trade platforms like TradeMalaysia.com are getting to play an enormous role in it.

Digital trade was supporting billions of economic profits in Malaysia in year 2017 through leveraging from online technologies that reinforces worker productivity, lesser costs and make an entire new source of revenue, consistent with a report released by the Henrico Foundation, titled "The Data Revolution: How Malaysia Can Capture The Digital Trade Opportunity business directory malaysia reception And Abroad". This numbers have also grown significantly in recent years.

However, this represents just one .8 percent of the country's GDP, which is somewhat less than other Asia Pacific economies like Australia, whose equivalent share of GDP is nearly 3 percent. The relatively low penetration rates of those digital technologies shows an outsized potential for much larger impact within the future. As per estimated by 2030, this might grow quite ten-fold, crossing US$75.6 billion, the report said.

The report also discovers that the export value of virtual goods and services enabled by the digital economy, like e-commerce, accounted for around US$7 billion in exports in 2017, making it Malaysia's 6th largest export sector and accounting for 3.3 percent of its total export value. These numbers have already increased significantly by 2020 and in 2021 its getting to get doubled as per experts. With an honest digital policy, it's estimated that by 2030, Malaysia's digital exports could grow by an enormous 358 percent from today's levels to succeed in US$38.5 billion. Here also B2B Directory Platforms like TradeMalaysia, Malaysia business directory are getting to play major role.

Digital trade platforms covers the assembly, distribution, marketing, sale or delivery of products and services – national and international – fully supported by cross-border data flows. At TradeMalaysia, we always make sure that Malaysia Business directoryget international exposure to global buyers and increase their sales numbers.

Do you think that you are a Manufacturer or Supplier or Service Provider? Join TradeMalaysia now: www.trademalaysia.com and leverage the advantages of digital technology which may assist you to spice up your sales and exports numbers.