U.S. Manufacturing: Definition, Statistics, Outlook
America's edge as the world's leading manufacturer has also slipped. In 1970, China was the world's fifth-largest manufacturer. It took the top spot in 2010, replacing the United States. Japan is third at 10%, followed by Germany at 7%, South Korea at 4%, and India at 3%. China produces 20% of the world's goods, and the U.S. produces 18%.
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