Key Market Indicators
Uruguay's weapon imports are projected to decline to approximately $8.1 million by 2028, down from $10 million in 2023. This represents an average annual decrease of 3.4%. Despite a historical increase of 0.1% per year in demand since 1965, Uruguay's position in the global ranking has seen a decline. In 2023, the country ranked 104th in weapon imports. Seychelles surpassed Uruguay in the same year, with imports matching Uruguay’s $10 million mark. Leading the global rankings were Qatar, Saudi Arabia, and Kuwait, occupying the second, third, and fourth positions, respectively.
