Which Country Exports the Most Military Weapons in the World?

In 2016, the amount of military weapons exported worldwide totaled X tonnes, surging by X% against the previous year level. In general, military weapons exports continue to indicate a skyrocketing growth. The most prominent rate of growth was recorded in 2016, when export increased by X% y-o-y. In that year, global military weapons exports reached its maximum volume, and are likely to continue its growth in the immediate term.

In value terms, military weapons exports totaled $X in 2016. Overall, military weapons exports continue to indicate a relatively flat trend pattern. In that year, global military weapons exports reached its maximum level of $X. From 2015 to 2016, growth of global military weapons exports failed to regain its strength.

Top Military Weapons Exporting Countries in the World

X. South Korea (X million USD)

X. Slovakia (X million USD)

X. Poland (X million USD)

X. Croatia (X million USD)

X. Netherlands (X million USD)

X. Cote d'Ivoire (X million USD)

X. Latvia (X million USD)

Military Weapons Exports By Country

The Netherlands (X tonnes) prevails in military weapons exports structure, recording X tonnes, which was near X% of total exports in 2016. The following exporters - Latvia (X tonnes), and Slovakia (X tonnes) took near X% of total exports, each. South Korea, Poland, Cote d'Ivoire, and Croatia countries occupied the negligible share of total exports.

From 2007 to 2016, average annual rates of growth with regard to military weapons exports from the Netherlands stood at nan%. At the same time, Croatia (+X%), South Korea (+X%), Slovakia (+X%), and Cote d'Ivoire (+X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest growing importer/exporter in the world, with a CAGR of nan% from 2007-2016. Latvia experienced a relatively flat trend pattern. By contrast, Poland (-X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest military weapons supplier in the world, making up X% of global exports. The second position in the ranking was occupied by Slovakia ($X), with the share of X% of global exports. It was followed by Poland, with the share of X%.

From 2007 to 2016, the average annual growth rate of value of military weapons exports in South Korea stood at +X%. In the other countries, the average annual rates were as follows: Slovakia (+X% per year) and Poland (-X% per year).

Military Weapons Export Prices By Country

In 2016, the average export price for military weapons amounted to $X per kg, descending by -X% against the previous year. Overall, military weapons export price continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2010, when export price increased by X% year-to-year. Global military weapons export peaked of $X per kg in 2011; however, from 2012 to 2016, it failed to regain its strength.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was South Korea ($X per kg), while Latvia ($X per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of military weapons export prices was attained by Latvia (nan% per year), while the other global leaders experienced mixed trends in the export price figures.

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This article was written on the product's HS-code: X.

Source: IndexBox AI Platform