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Tuesday, October 8, 2024
CEOWORLD magazine - Latest - Special Reports - Scorecard: These are the world’s top manufacturing countries, 2023

Special Reports

Scorecard: These are the world’s top manufacturing countries, 2023

Car manufacturing

According to data published by CEOWORLD magazine’s executive council statistics division, China leads the world in manufacturing output, with over $4.97 trillion. China (mainland) is followed by Germany ($751 billion), India ($450 billion), South Korea ($426 billion), and Russia ($287 billion). The data shows that China’s manufacturing output is significantly higher than the next three countries, with Germany coming in second with $751 billion, followed by India with $450 billion, South Korea with $426 billion, and Russia with $287 billion.

Unsurprisingly, the top 10 manufacturing countries in the world are also the biggest economies. By reviewing the list, you can determine which country would be the best to outsource your production needs. Which country do you think is the world’s manufacturing superpower?

Top Manufacturing Countries in the World

Country20222021202020192018
China49756142635944909012535354386069823249238234218217483868482742906
Germany751338619772803213137457727552650890760406419208796432178548
India450861876467455913807801377351824814381553719190402237303276
South Korea426772405106461104307736407465323843416525572625459473148569
Russia287712822679236427361337200114179341219583593138212467612703
Italy283940033201319433438479276917679681299365395514313994428880
Mexico265673109177230067618130189452739473218959546728214451062576
France259409054566262642861477244567030848273100284565278307282644
United Kingdom259333853110271469559139235798845916248766630246254104410290
Indonesia241872729215228324898223210396303053220502280587207028410173

Note: Manufacturing, value added (current US$) – country ranking. Manufacturing includes industries falling under ISIC divisions 15-37. Value added represents the net output of a sector after adding up all outputs and deducting intermediate inputs. It is calculated without considering the depreciation of fabricated assets or the depletion and degradation of natural resources. The International Standard Industrial Classification (ISIC) revision 3 determines the source of value added. The data is presented in current U.S. dollars.


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CEOWORLD magazine - Latest - Special Reports - Scorecard: These are the world’s top manufacturing countries, 2023
Alexandra Dimitropoulou

Alexandra Dimitropoulou

VP and News Editor
Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email alexandra-dimitropoulou@ceoworld.biz. You can follow her on Twitter at @ceoworld.