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French and German arms exports grow sharply in five years

Sarhan Basem by Sarhan Basem
15 March 2021
in Belgium Business And Economy News

Brussels (Brussels Morning) Total arms exports in the past five years did not increase compared to the 2011-2015 period. Although the US, France and Germany recorded significant growth in their exports, this was offset in terms of global arms sales by a corresponding drop in Russian and Chinese exports, according to a Swedish think-tank report.

Data released by the Stockholm International Peace Research Institute (SIPRI) show that, French arms exports grew the fastest between 2016 and 2020, increasing by 44% to account for 8.2% of global arms exports for the period, keeping France firmly in the third place.

America first

The US remained in first place with a 37% share of global arms exports, up from 32% five years before. Its gain represented a growth of 15%, widening the gap between the first two places since Russian exports contracted 22% and now account for 20% of global exports.

Germany took the fourth place among global arms exporters, growing 21% in the 2016-2020 period compared to 2011-2015. It now accounts for 5.5% of global arms transfers. China dropped to fifth place, its exports having contracted 7.8% in the 2016-2020 period, and now account for 5.2% of global transfers.

Asia buying arms

The biggest growth in demand for arms over the observed period was recorded in the Middle East. Regional states imported 25% more arms during the 2016-2020 period than in the preceding period. Saudi Arabia increased its imports by 61%, while Qatar increased its imports by 361%.

The largest arms importing region for major arms was Asia and Oceania, which received 42% of global arms transfers in the observed period. The largest regional importers were India, Australia, China, South Korea and Pakistan.

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