Key Market Indicators
Argentina's weapon imports are projected to soar to approximately $115 million by 2028, marking a substantial increase from about $63 million in 2023. This represents an average annual growth rate of 9.2%. Historical data indicates a significant surge in Argentinian demand for weapons, which has risen 30.2% year on year since 1965. In 2023, Argentina ranked 59th globally in weapon imports, with New Zealand narrowly surpassing it at around $63 million. Meanwhile, Qatar, Saudi Arabia, and Kuwait held the second, third, and fourth positions, respectively, in the global rankings for weapon imports.
