I recently found the following infographic comparing the cost of manufacturing products in China to the cost of manufacturing in the United States. It turns out that the difference has been shrinking for the last few years because of a number of factors.
This is good news for manufacturers in the U.S. as well as many other countries, including Mexico, India, and Vietnam, which have lower average manufacturing costs than China.
I’ll let the infographic do most of the talking. It’s nice to hear good news like this:
QuickBooks Manufacturing Blog 
Furthermore to bring some facts about changes that already have taken place, the statistics of the years 2009-2015 (NAM) are clearly showing the trends that manufacturing is already moving back to the US:
1) Volumes of manufacturing grow.
2) Effectiveness improves: although the production runs 8% of the population, they produce 12% of the GDP. Thus, manufacturing is by 50% more efficient than other sectors of the economy on average, and the average income of workers is 24% higher.
3) Manufacturing makes ¾ Research (R & D) in the private sector!
4) Exports from the United States grew 50% in 5 years. At the same time imports still exceed exports by $500 billion a year.
5) Separately, an interesting fact: the share of SME in export is 96.6%.
This means more jobs for Americans 🙂