Methyl methoxyacetate and methyl formate, two of the most important carbonyl‐containing chemicals, can be produced directly by zeolite‐catalyzed carbonylation and disproportionation of DMM, using a heterogeneous catalyst, and with near 100% selectivity for each process. Methyl methoxyacetate, the DMM carbonylation production, could be easily converted to glycolic acid, methyl glycolate and monoethylene glycol.