Key Market Indicators
**Brazil's Weapon Imports Expected to Decline Slightly by 2028** Brazil's weapon imports are projected to reach approximately $308 million by 2028, down from around $312 million in 2023. This marks a slight annual decline of 0.2%. Despite this recent trend, Brazilian demand for weapons has surged by an average of 3.6% per year since 1965. In 2023, Brazil ranked 22nd globally in arms imports, with Singapore taking the lead in this category at $312 million. Other top importers included Qatar, Saudi Arabia, and Kuwait, occupying the second, third, and fourth positions respectively. **Brazil's Weapon Exports to See Modest Growth** On the export front, Brazil's weapon sales are set to grow modestly, reaching about $55 million by 2028, up from $53 million in 2023. This translates to an average annual growth rate of 0.8%. However, it’s worth noting that Brazilian arms exports have experienced a substantial decline of 12% per year since 1974.
