In 2023, China's R&D expenditure in the manufacture of basic metals was predominantly high compared to other countries. Notable increases were observed in the United States and Taiwan, with Taiwan experiencing the largest percentage increase at 8.08%. Declines were notable in Spain and Japan. South Korea showed marginal growth, while Germany saw a slight decline. For smaller economies, fluctuations were minimal, although Romania experienced a significant decrease.
Looking ahead, key trends include China's continued dominance in R&D expenditure and potential increases in innovation and investment in the Asia-Pacific region. Monitoring how the United States and technology-driven countries like Taiwan adapt could reshape future allocations.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Basic Metals Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 86.17 | 2023 | +6.03% | +5.24% | View data |
| 2 | 2 Japan | 4.43 | 2023 | -5.35% | -4.28% | View data |
| 3 | 3 United States | 2.84 | 2023 | +8.35% | +6.6% | View data |
| 4 | 4 South Korea | 2.11 | 2023 | +0.9% | +0.33% | View data |
| 5 | 5 Germany | 1.69 | 2023 | +0.34% | -2.4% | View data |
| 6 | 6 Taiwan | 0.63 | 2023 | +3.35% | +8.08% | View data |
| 7 | 7 Spain | 0.23 | 2023 | +4.44% | -5.96% | View data |
| 8 | 8 Norway | 0.14 | 2023 | +5.24% | +1.51% | View data |
| 9 | 9 Israel | 0.13 | 2023 | -0.63% | -3.54% | View data |
| 10 | 10 Finland | 0.079 | 2023 | +0.11% | -1.96% | View data |
