The global export market for tanks and other armoured fighting vehicles, as of 2023, is predominantly led by Canada, which accounts for the largest share at 47.1%, followed by the United States at 36.49%. Switzerland, South Korea, and Australia are smaller players but with notable contributions. Over the past year, Canada's exports grew by 12.29%, while the US saw a modest increase of 4.04%. Noteworthy growth was observed in India, which posted a significant 38.92% increase.
Future trends to watch include fluctuations in geopolitical tensions, which could impact demand for armoured vehicles. Technological advancements and international collaborations may also influence the competitive dynamics and export capacities of participating countries.
Top countries in Export of Tanks and Other Armoured Fighting Vehicles Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 47.1 | 2023 | +5.6% | +12.29% | View data |
| 2 | 2 United States | 36.49 | 2023 | +2.5% | +4.04% | View data |
| 3 | 3 Switzerland | 6.21 | 2023 | +4.99% | +20.7% | View data |
| 4 | 4 South Korea | 2.01 | 2023 | +5.19% | +5.44% | View data |
| 5 | 5 Australia | 1.1 | 2023 | +3.98% | +1.37% | View data |
| 6 | 6 Israel | 1.08 | 2023 | +3.05% | -2.89% | View data |
| 7 | 7 Netherlands | 0.77 | 2023 | -3.21% | -1.89% | View data |
| 8 | 8 Denmark | 0.51 | 2023 | +1.9% | -0.071% | View data |
| 9 | 9 Poland | 0.34 | 2023 | -9.48% | -4.9% | View data |
| 10 | 10 India | 0.19 | 2023 | -10.95% | +38.92% | View data |
