The United States dominates global exports of military munitions with $4.73 billion, while countries like South Korea, Spain, and Brazil show moderate exports ranging from $0.27 to $0.63 billion. Countries like Ivory Coast and Malaysia experienced remarkable growth rates in 2023, indicating emerging players or increased production. Yet, traditional powers like Germany and France faced stagnation or declines. Russia saw a significant increase, potentially driven by geopolitical motivations. Overall, the market exhibits a diverse and shifting landscape influenced by regional tensions and industrial capabilities.
Looking forward, fluctuations in geopolitical relations, advancements in military technology, and changes in defense policies may drive new dynamics in global arms trade. Nations may either strengthen their export capabilities or face restrictions based on evolving global infrastructure and security scenarios.
Top countries in Export of Bombs, Grenades, Mines, Missiles, Ammunition by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 4,733,800,000 | 2023 | +2.47% | +3.11% | View data |
| 2 | 2 South Korea | 633,270,000 | 2023 | +4.36% | +4.54% | View data |
| 3 | 3 Spain | 490,540,000 | 2023 | +5.2% | +4.27% | View data |
| 4 | 4 Brazil | 269,210,000 | 2023 | +2.81% | +6.54% | View data |
| 5 | 5 Switzerland | 232,000,000 | 2023 | +3.5% | +2.19% | View data |
| 6 | 6 Norway | 229,200,000 | 2023 | +1.56% | +1.19% | View data |
| 7 | 7 Germany | 172,430,000 | 2023 | +0.79% | +0.95% | View data |
| 8 | 8 Russia | 151,620,000 | 2023 | -8.82% | +15.85% | View data |
| 9 | 9 Canada | 151,270,000 | 2023 | +1.37% | +2.77% | View data |
| 10 | 10 Italy | 136,390,000 | 2023 | -1.82% | -1.28% | View data |
