KUALA LUMPUR (Feb 7): The sales value of Malaysia’s manufacturing sector expanded by 8.6% year-on-year in December 2022 to RM156.3 billion, while the overall performance reached RM1.8 trillion in 2022, said the Department of Statistics Malaysia (DOSM).
In a statement on Tuesday (Feb 7), chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the expansion of sales value in December last year was reinforced by a double-digit growth in the transport equipment and other manufactures subsector (10.9%), particularly in the manufacture of motor vehicles, trailers and semi-trailers industries.
“The growth was also attributable to a strong increase in the petroleum, chemical, rubber and plastic products subsector (10.3%), supported by the manufacture of coke and refined petroleum products industries, as well as the manufacture of the food, beverages and tobacco subsector, which accelerated further to 10.3%, underpinned by the manufacture of food products,” he shared.
He noted that the sales value of export-oriented industries, which accounted for 72.5% of total sales, grew modestly by 9.2% in December 2022 as compared to the double-digit growth of 13.6% recorded in November 2022, in line with the slower performance of exports during the month.
In addition, the sales value of the domestic-oriented industries improved slightly to 7.2%, from a growth of 7.1% in the previous month.
In comparison to November 2022, he said the sales value of the export-oriented industries continued to decline by 2.3%, while the domestic-oriented industries returned to a negative growth of 0.3%, he said.
Meanwhile, the chief statistician highlighted that there were 2.34 million persons engaged in the manufacturing sector in December 2022, up 3.4% from 2.26 million persons a year ago.
The addition was largely contributed by the electrical and electronics products (5.2%), food, beverages and tobacco products (4.9%), and petroleum, chemical, rubber and plastic products (2.6%) subsectors.
“In line with the increase in employment, the salaries and wages paid in the manufacturing sector grew by 5.4%, amounting to RM8.56 billion.
“In addition, the sales value per employee went up by 5.1% from the same month in 2021 to RM66,937, while the average salary and wage per employee amounted to RM3,666,” he said.
For the fourth quarter of 2022 (4Q2022), he said, the sales value of the manufacturing sector continued to record a double-digit growth of 11.1%, against RM474.4 billion for 4Q2021.
The growth was propelled by the petroleum, chemical, rubber and plastics products (16.2%), electrical and electronics products (14.8%), and food, beverages and tobacco products (6.5%) subsectors, he said.
He also noted an improvement in 4Q2022 in the number of employees (3.4%), and salaries and wages (5.0%).
“Summarising the overall performance in 2022, the sales value of the manufacturing sector was RM1,800.7 billion, an increase of 15.8% from 2021.
“During the year, the number of employees increased by 3.4% to record a total of 2.34 million persons, with salaries and wages increasing by 5.2% to RM94.5 billion. Moreover, the sales value per employee registered a growth of 12.1%, amounting to RM771,048,” Mohd Uzir added.
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