Number of employees engaged with foreign affiliates expanded 2.9% to 884,843, says chief statistician.
The manufacturing sector was the main contributor in terms of value-added by foreign affiliates at RM133.3 billion in 2021.
Chief statistician Uzir Mahidin said foreign affiliates in Malaysia increased marginally by 0.3% from 2,979 affiliates in 2020, generating RM274.3 billion in value-added, an increase of 13.8% compared to RM241 billion in the preceding year. On the performance of foreign affiliates by economic activities, Uzir said that the manufacturing sector remained the main contributor with the highest share at 48.6% of value-added, amounting to RM133.3 billion in 2021.
Meanwhile, Uzir said both exports and imports of foreign affiliates in Malaysia in 2021 expanded by 27.8% and 21.1%, respectively, with their exports contributing to 33.9% of the trade of goods and services, while imports accounted for 32.3%. In terms of turnover, Uzir said the services sector remained the dominant contributor in 2021, generating RM205 billion or 61.4%.
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