It said the contraction was higher than the decline in Malaysia’s GDP and non-SMEs GDP which registered negative 5.6 per cent and negative 4.6 per cent, respectively, mainly due to the health crisis caused by the COVID-19 pandemic in 2020.
"SMEs value added for services sector decreased 9.2 per cent in 2020 from 7.5 per cent in 2019, attributed to the decline in wholesale and retail trade; food and beverages; and accommodation sub-sector which posted a negative growth at 7.8 per cent. However, Mohd Uzir said petroleum, chemical, rubber and plastic products, and food, beverages and tobacco products continued with positive growth at 3.2 per cent and 2.0 per cent, respectively.
"SMEs exports of agriculture sector in 2020 was RM2.3 billion, recording a growth of 2.5 per cent, driven by the increase in SMEs exports for vegetables, fisheries, poultry, banana, and durian,” said the chief statistician.
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