In 2023, China's dominance in R&D expenditure within the basic metals manufacturing sector is unmistakable, with a share significantly higher than its global counterparts. Japan, the United States, and South Korea trail significantly behind. Notably, China witnessed a 4.99% year-on-year expenditure increase. Conversely, Germany and Finland experienced declines. Over the past five years, Taiwan and Canada showed notable expenditure growth rates. Romania, on the other hand, exhibited substantial contraction.
Looking ahead, key trends include China maintaining its leadership in R&D investment, potentially widening the gap with other nations. Observing advances in emerging markets and shifts in technological focus will also be crucial.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Basic Metals Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 86.1 | 2023 | +6.54% | +4.99% | View data |
| 2 | 2 Japan | 5.8 | 2023 | +2.7% | +0.7% | View data |
| 3 | 3 United States | 2.27 | 2023 | +3.53% | +2.8% | View data |
| 4 | 4 South Korea | 2.01 | 2023 | +0.15% | -0.52% | View data |
| 5 | 5 Germany | 1.34 | 2023 | -2.76% | -5.07% | View data |
| 6 | 6 Taiwan | 0.57 | 2023 | +1.92% | +5.9% | View data |
| 7 | 7 Canada | 0.53 | 2023 | +0.021% | +4.59% | View data |
| 8 | 8 Italy | 0.39 | 2023 | +7.56% | +0.75% | View data |
| 9 | 9 Norway | 0.12 | 2023 | +4.22% | +0.85% | View data |
| 10 | 10 Finland | 0.065 | 2023 | -2.06% | -4.2% | View data |
