March 8, 2022

US remains top arms exporter and grows market share

The US has increased its global share of arms exports to 37% during the last five years, according to a Sweden-based research institute.

Increased exports by the US, France and Germany were offset by declining Russian and Chinese exports.

Imports and exports remain close to their highest level since the end of the cold war, although this may change from the impact of the pandemic.

The biggest growth in arms imports was seen in the Middle East.

“It is too early to say whether the period of rapid growth in arms transfers of the past two decades is over,” said Pieter Wezeman, a senior researcher with the Stockholm International Peace Research Institute (Sipri) who collected the data.

“The economic impact of the Covid-19 pandemic could see some countries reassessing their arms imports in the coming years.

Read full article here: https://www.bbc.com/news/business-56397601