Scorecard: These are the world's top manufacturing countries, 2023 - CEOWORLD magazine (2024)

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

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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