The United States leads as the top exporter of tanks and other armoured fighting vehicles in 2023, with exports valued at $1.73 billion. Canada follows, contributing significantly with $0.526 billion. Other countries in the market exhibit smaller contributions, such as South Africa, Poland, and the Netherlands, indicating a fragmented market with room for growth. Year-on-year variations show modest gains for several countries, with the last five-year CAGR highlighting steady performance trends, particularly for countries increasing their technological capabilities and military production capacities.
Looking forward, trends to watch include technological advancements in armoured vehicle design, increasing geopolitical tensions fuelling demand, and countries diversifying their export strategies to capture emerging markets. Smaller exporters might enhance their competitive edge through partnerships, innovation, and expanding production capacity.
Top countries in Top Exporters of Tanks and Other Armoured Fighting Vehicles
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 1,730 | 2016 | |
| 2 | 2 Canada | 526.01 | 2016 | |
| 3 | 3 South Africa | 131.8 | 2016 | |
| 4 | 4 Poland | 56.43 | 2016 | |
| 5 | 5 Netherlands | 50.4 | 2016 | |
| 6 | 6 South Korea | 39.65 | 2016 | |
| 7 | 7 Switzerland | 35.53 | 2016 | |
| 8 | 8 Australia | 35.32 | 2016 | |
| 9 | 9 India | 22.87 | 2016 | |
| 10 | 10 Slovakia | 21.5 | 2016 |
