The United States leads as the top exporter with a substantial difference, projecting a value of $4.31 billion in 2024. South Korea, Brazil, United Kingdom, and Germany follow with modest exports. South Korea exhibits notable recent growth among smaller players, while the rest maintain static or slight growth. Over the last two years, year-on-year variations suggest stabilization post-pandemic disruptions, averaging a compound annual growth rate of moderate single-digits over the last five years. Overall, the United States’ dominance remains largely unchallenged, powered by broad international demand and its advanced military-industrial complex.
Future trends to watch:
- Increased geopolitical tensions could enhance demand, especially in Asia-Pacific.
- Technological advancements may shift demand towards new defense technologies.
- Pressure on governments to regulate arms exports might affect growth patterns.
- Emerging economies may become key new players or increase current export activities.
Top countries in Top Exporters of Bombs, Grenades, Mines, Missiles, Ammunition
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 4,310 | 2016 | |
| 2 | 2 South Korea | 380.81 | 2016 | |
| 3 | 3 Brazil | 218.35 | 2016 | |
| 4 | 4 United Kingdom | 192.98 | 2016 | |
| 5 | 5 Germany | 178.69 | 2016 | |
| 6 | 6 Switzerland | 159.34 | 2016 | |
| 7 | 7 Italy | 148.68 | 2016 | |
| 8 | 8 Norway | 144.2 | 2016 | |
| 9 | 9 Canada | 129.03 | 2016 | |
| 10 | 10 Turkey | 122.68 | 2016 |
