Countries With The Cheapest Manufacturing Costs In 2023

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