Key Market Indicators
Chilean weapon imports are projected to decline to $124 million by 2028, down from $152 million in 2023. This decrease represents an average annual reduction of 3.2%, according to recent data. Despite this downward trend, Chile has seen a significant long-term increase in demand for weaponry, with an average annual growth of 15.8% since 1965. In 2023, Chile ranked 42nd globally in terms of weapon imports. Belgium surpassed Chile with an import value of $152 million. Leading the global rankings were Qatar, Saudi Arabia, and Kuwait, taking the second, third, and fourth spots respectively.
