Key Market Indicators
Norwegian weapon imports are projected to reach approximately $915 million by 2028, up from around $819 million in 2023. This represents an average annual growth rate of 1.8%. Historical data since 1965 shows that Norwegian demand has increased by 9.2% each year on average. In 2023, Norway ranked 10th globally in weapon imports, with the United Kingdom leading at around $819 million. Following closely behind the UK were Qatar, Saudi Arabia, and Kuwait, occupying the 2nd, 3rd, and 4th spots respectively. On the export front, Norway’s weapon exports are expected to climb to roughly $111 million by 2028, up from about $96 million in 2023. This marks an average annual growth rate of 2.4%. Since 1965, Norwegian weapon exports have grown by an average of 10.1% each year.
