China Dominates Global Manufacturing with 28% Share, Tripling Since 2004
China now accounts for 28% of world manufacturing output, more than tripling its share since 2004 and far outpacing the US and Eurozone.
China’s manufacturing sector now represents approximately 28% of global value added, making it the largest producer by a wide margin. This marks a sharp increase from around 8% in 2004.
The United States holds the second position with roughly 17% of world manufacturing, down from about 22% two decades ago, when it was more than double China's share.
Europe’s Eurozone economies together account for about 15% of global manufacturing, while Japan contributes just 5%. These figures underline China’s rise as a pivotal hub in global supply chains.
Source: The Kobeissi Letter