Key Market Indicators
The Philippines' weapon imports are projected to hit nearly $330 million by 2028, up from approximately $329 million in 2023. This marks an average annual growth of 0.1%. Historical data reveals a significant surge in the nation's demand for weapons, with an 80.8% increase year-on-year since 1965. In 2023, the Philippines ranked 20th globally in weapon imports, just behind Turkmenistan's comparable figure. Leading the global ranking were Qatar, Saudi Arabia, and Kuwait, securing the 2nd, 3rd, and 4th positions respectively.
