Production Costs In Countries With The Lowest Manufacturing Costs As Published On 30 May 2023
Here Are The Top 10 Countries With The Cheapest Manufacturing Costs In 2023 As Per The World Of Statistics
Number 10 In The List Sri Lanka Which Is Known As The Teardrop Of India Has Been Ranked As The Tenth Cheapest Country In Terms Of Manufacturing Costs
Malaysia Has A Population Of 328 Million And Offers Cheap Labor Costs With An Average Annual Salary Of Myr 78480
Manufacturing Costs In Cambodia Are Low Making It A Suitable Country For The Production Of Laborintensive Products
Indonesia Has A Population Of 276 Million And Japanese Companies Are Actively Investing In The Automotive Electronic And Mining Sectors
Most Manufacturers In Bangladesh Are In The Garments And Textile Industry With Dutyfree Access To The Eu Market
5 The Philippines Is Capable Of Manufacturing A Variety Of Products Including Steel Chemicals Paper Textiles Aircraft Machinery Clothing Vehicles And Refined Petroleum Products
Thailand Is A Hub For Automotive Parts And Vehicle Manufacturing Due To Its Low Labor Costs
