Key Market Indicators
**Indonesian Weapon Imports Expected to Decline by 2028** Indonesia's weapon imports are projected to decrease significantly over the next five years. By 2028, the country's weapon import value is expected to drop to approximately $120 million, down from about $185 million in 2023. This represents an average annual decline of 6.9%. Since 1965, Indonesia's demand for weapon imports has decreased at an average rate of 10.7% per year. In 2023, Indonesia ranked 36th globally in weapon imports, with Thailand surpassing it at the same value of $185 million. The top three countries in the ranking were Qatar, Saudi Arabia, and Kuwait. **Indonesian Weapon Exports Set for Modest Growth** On the export front, Indonesia's weapon exports are anticipated to see a slight increase. By 2028, the nation's weapon export value is forecast to reach nearly $18 million, up from roughly $17 million in 2023. This growth represents a compound annual growth rate (CAGR) of 0.7%. Since 1985, Indonesia's weapon export supply has shown a steady growth rate of 2.5% per year.
