none
none

China tops US in manufacturing: study

22-03-2011
by 
in 

China has topped the US as the world's largest manufacturer for the first time last year, according to a study by economic research firm IHS Global Insight.

China accounted for 19.8 per cent of global manufacturing in 2010, compared with 19.4 per cent for the US.

In monetary terms it represented $1.995 trillion worth, compared with $1.952 trillion, according to IHS.

But by measures of productivity, China remained far behind the US.

US manufacturing workers generated more than eight times the value per person than China.

"In other words, the US manufacturing sector is producing roughly the same amount of output in 2010 with 11.5 million workers as opposed to its Chinese counterpart with around 100 million workers," IHS said.

Japan remained a distant third last year, generating $1.027 trillion by manufacturing, followed by Germany, with $618 billion.

But the most telling indicators were the pace of growth: over 2008-2010, China's manufacturing sector grew at a pace of 20.2 per cent per year, while the US grew at 1.8 per cent and Japan at 4.25 per cent.

Germany and fifth-ranked South Korea both contracted, and sixth-ranked India grew at 7.3 per cent annually.

IHS pointed out that at one-third of the total economy, China's manufacturing sector is far larger as a portion of output than any other country.

In the US, by comparison, the share is just 13 per cent of all production. In the other top-ranked countries, it is 15-20 per cent.

Related news & editorials

  1. Martin Chappell
    03.11.2017
    03.11.2017
    by      In
    With Australia’s manufacturing industry strengthening, leaders and heads of IT are weighing up which new technologies they should implement to gain a competitive edge. Martin Chappell from Motorola Solutions explains how a simpler and more focused use of data can be the best approach.
    Australia’s... Read More
  2. Sahara Force India F1
    29.08.2017
    29.08.2017
    by      In
    The pace of Formula One (F1) development is rivalled only by the speeds achieved on the racetrack. Each time the Sahara Force India F1 Team brings its car to a circuit, it represents the team’s top engineering; every time the team leaves, the car is just a baseline. Between races it must be... Read More
  3. capacitor reforming
    12.07.2017
    12.07.2017
    by      In
    The latest productivity enhancing service from Konecranes addresses the problem of keeping spare motor drives in shape so they can be relied on to enter service if required. The company’s new variable frequency drive capacitor reforming service uses a proprietary DC power source to reform stored... Read More
  4. 27.06.2017
    27.06.2017
    by      In
    The most heralded benefit of the fourth industrial revolution (or Industry 4.0) is the availability of increasing volumes of data concerning the performance of manufacturing operations (so-called “big data”). These data range from the enterprise level, to the plant level, and down to the individual... Read More