The export of munitions of war, ammunition, and projectiles from Chile has seen considerable fluctuations over the past decade. The volume in 2023 stood at 6.23 thousand kilograms. The year-on-year variation for the previous year was a slight decline of 3.34%, and a compound annual growth rate (CAGR) over the last five years was -2.78%, indicating a general downward trend. Future volumes are forecasted to decrease steadily until 2028, suggesting a consistent decline in exports over the next five years.
Future trends to watch for include:
- Geopolitical factors influencing global arms trade.
- Technological advancements impacting the production and demand for munitions.
- Regulatory changes affecting international arms trade and exports.
- Economic fluctuations impacting defense budgets and procurement strategies.
