U.S. Remains Biggest Arms Exporter But Russia, China Gain

Date:

201531663562063201734485765757567446

The U.S. maintained its lead as the top weapon exporter over the past five years even as Russian and Chinese exports increased more quickly, a Swedish research group said.

While German and French arms exports dropped, the volume of U.S. shipments abroad was 23 percent higher from 2010 to 2014 than in the previous five years, the Stockholm International Peace Research Institute said in a study published Monday.

“The USA has long seen arms exports as a major foreign policy and security tool, but in recent years exports are increasingly needed to help the U.S. arms industry maintain production levels at a time of decreasing U.S. military expenditure,” said Aude Fleurant, director of the SIPRI Arms and Military Expenditure Program.

Russian exports rose 37 percent. China, with exports increasing 143 percent, overtook Germany as the third-largest arms merchant. German exports fell 43 percent and France’s declined 27 percent.

Taken together, the top five accounted for 74 percent of all arms exports, with the U.S. accounting for 31 percent and Russia 27 percent. The U.K., Spain, Italy, Ukraine and Israel rounded out the top 10.

The five biggest importers from 2010 to 2014 were India, Saudi Arabia, China, the United Arab Emirates and Pakistan, accounting between them for 33 percent of global imports.

Wargane News
Wargane News
Delivers latest somali breaking news and information on the latest top stories, weather, business, entertainment, politics, and more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Share post:

Subscribe

Popular

More like this
Related

Ethiopia: We are in full readiness to prevent any violence that may burn in our country, says Field Marshal Birhanu Jula

Filed Marshal Birhanu Jula underscored the fact that Ethiopian...

Ethiopian Premier Abbiy Ahmed maintains MoU with Somaliland will ultimately treatise

The Prime Minister of Ethiopia Abiy Ahmed Ali is...

President highlights Egyptian greed and hostility towards Somaliland

Somalia’s wish to capture Somaliland by force using Egyptian...

Abdirashid Dahabshiil hired me as I went about my duties of service to the community

Work and education were the two that I worked...