Key Market Indicators
Egypt's weapon imports are projected to reach approximately $777 million by 2028, up from around $716 million in 2023. This marks a compound annual growth rate (CAGR) of 1.3%. Despite this upward trend, the nation's demand for weapons has seen a decline of 15.2% annually since 1965. In 2023, Egypt ranked 13th globally in terms of weapon imports, with Israel surpassing it by posting similar figures of $716 million. Qatar, Saudi Arabia, and Kuwait occupied the second, third, and fourth spots, respectively, in this ranking. On the export front, Egypt's weapon exports remained steady at $41 million in 2022, unchanged from the previous year.
