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U.S. dominates global arms sales, with Saudi Arabia the top customer
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The U.S. accounted for 37% of all global arms exports over the last five years, with Saudi Arabia easily the world’s top arms buyer accounting for one-quarter of those sales, according to new data from the Stockholm International Peace Research Institute.
By the numbers: U.S. arms exports rose by 15% from 2011-2015 to 2016-2020, with 96 countries buying arms from America. Russia remained the second-largest exporter with 20% of the market, but supplied a smaller pool of 44 countries and saw sales fall by 22% from the previous five years due primarily to a decrease in sales to India.
How India changed preference for arms suppliers in 50 years
India s arms suppliers are changing fast. From traditional arms partners like Russia, India is now fast moving towards new markets such as South Korea, Brazil and South Africa. A report by India Today s DIU team.
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UPDATED: March 18, 2021 15:42 IST
India’s choice of arms trade partners has changed significantly over time as the country strives to reduce dependence on old partners such as Russia. India spends around 2.3 per cent of its Gross Domestic Product (GDP) on defence and accounts for 15 per cent of the global arms import. The Indian government had planned to spend USD 64.4 billion to equip and modernise the second largest armed forces in the world in the current financial year.
How India changed preference for arms suppliers in 50 years
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