Key Market Indicators
Russia's weapon imports are projected to climb to approximately $134 million by 2028, up from around $129 million in 2023. This represents an average annual growth rate of 0.6%. Notably, since 2012, the country's demand for weapons has risen by an average of 15.9% each year. In 2023, Russia ranked 46th in weapon imports, with Belarus slightly ahead at approximately $129 million. Qatar, Saudi Arabia, and Kuwait held the second, third, and fourth spots, respectively, in the global ranking. On the export front, Russia's weapon exports are expected to reach nearly $3.3 billion by 2028, increasing from about $3 billion in 2023. This marks an average annual growth rate of 1.6%. However, since 1997, Russia's weapon supply has seen a substantial decline, decreasing by 16.2% each year on average. These figures highlight the shifting dynamics in Russia's position within the global arms trade, both as an importer and exporter.
