Dezan Shira & Associates (Dezan Shira) ranks China atop Asia Manufacturing Index 2026

Key facts

• China commands 30 percent of worldwide manufacturing production.
• Malaysia rises to second place in AMI 2026, overtaking Vietnam.
• Vietnam drops to third despite GDP growth of 8.02 percent in 2025.
• Singapore advances to fourth; South Korea ranks fifth.
• India remains sixth in AMI 2026 with first-place Workforce and third-place Economy pillars.
• Thailand climbs from tenth to eighth place.
• Japan ranks ninth; Philippines tenth; Bangladesh stays eleventh.
• Asia accounts for over 65 percent of global semiconductor manufacturing capacity as of 2023.
• China holds 32.4 percent share of Asia Pacific semiconductor materials market in 2024.
• Vietnam records total trade value of $930.05 billion, an 18.2 percent year-over-year growth.
• India’s logistics costs fall to 7.97 percent of GDP.
• India’s Bharatmala Phase I spent ₹4.72 lakh crore (88 percent of outlay) but completed only 54 percent of target road length.
• Manufacturing MSMEs in India face over 1,450 regulatory obligations annually.
• Bangladesh labor productivity stands at $8.7 per hour in 2025.
• Thailand R&D spending is 1.16 percent of GDP versus 2 percent government target.
• Southeast Asia semiconductor market valued at $23.9 billion in 2024, projected to exceed $55 billion by 2033.