Key Market Indicators
Spain's weapon imports are projected to reach approximately $203 million by 2028, up from about $167 million in 2023. This marks a compound annual growth rate (CAGR) of 3.1%. Since 1965, the demand for weapons in Spain has increased by an average of 2.3% per year. In the global ranking for 2023, Spain stood at number 39, with Iran surpassing it with imports also totaling around $167 million. Qatar, Saudi Arabia, and Kuwait occupied the second, third, and fourth spots, respectively. On the export front, Spain's weapon exports are expected to climb to nearly $857 million by 2028, compared to roughly $790 million in 2023. This represents an average annual growth rate of 1.3%. Since 1965, Spain's weapon exports have grown by an average of 2.3% per year.
