Global Arms Market Background

The global arms market has experienced significant shifts from 2020 to 2024, influenced by ongoing conflicts, geopolitical tensions, and evolving defense strategies. The United States has solidified its position as the leading arms exporter, accounting for 43% of global arms exports during this period, supplying weapons to 107 countries. France has emerged as the second-largest exporter, with a notable increase in arms deliveries to European nations. In contrast, Russia’s arms exports have declined by 64%, dropping it to third place among global exporters. This decline is attributed to factors such as international sanctions, production challenges, and the redirection of military resources to domestic needs amid ongoing conflicts .​

On the import side, Ukraine has become the world’s largest arms importer, receiving 8.8% of global arms imports between 2020 and 2024, primarily from the United States, Germany, and Poland. European countries have significantly increased their arms imports, with a 155% rise compared to the previous five-year period, largely in response to regional security concerns. In Asia, India remains a major importer, though its imports have decreased by 9.3% as the country enhances its domestic defense production capabilities. Pakistan’s arms imports have surged by 61%, with China supplying the majority of its military equipment .