The global export market for arms and ammunition is led by the United States, with a significant value of $6.3231 billion in 2024, experiencing a modest growth rate of 2.57% year-on-year. South Korea, Spain, and Italy follow, with varied growth rates, evidencing robust modest expansion in South Korea (4.12%) and Spain (3.6%). Notable year-on-year variations include Russia's substantial increase of 12.25% and Japan's decline by 7.0%. Emerging markets like India and Poland demonstrate positive growth patterns, with year-on-year modifications of 4.31% and 4.35% respectively.
Significant growth can be noted in markets such as Lithuania and Malaysia, with remarkable year-on-year increases of 16.54% and 17.96%. On the contrary, countries like France and Malta face substantial declines, indicating challenges in these markets. Long-term, Ivory Coast shows exceptional growth potential. Key factors such as geopolitical tensions and technological advancements will continue to shape future trends, possibly expanding opportunities for defense exporters worldwide.
Top countries in Export of Arms and Ammunition, Parts and Accessories Thereof by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 6,323,100,000 | 2023 | +2.41% | +2.57% | View data |
| 2 | 2 South Korea | 855,160,000 | 2023 | +4.13% | +4.12% | View data |
| 3 | 3 Spain | 715,980,000 | 2023 | +4.77% | +3.6% | View data |
| 4 | 4 Italy | 639,380,000 | 2023 | +0.54% | +0.47% | View data |
| 5 | 5 Czech Republic | 571,780,000 | 2023 | +3.64% | +2.87% | View data |
| 6 | 6 Germany | 546,330,000 | 2023 | +0.74% | +0.94% | View data |
| 7 | 7 Brazil | 424,110,000 | 2023 | +2.21% | +4.46% | View data |
| 8 | 8 Switzerland | 345,610,000 | 2023 | +2.71% | +2.2% | View data |
| 9 | 9 Norway | 331,110,000 | 2023 | +0.28% | +1.15% | View data |
| 10 | 10 Canada | 261,630,000 | 2023 | +0.93% | +2.11% | View data |
