Global Military Spending Surge
US Widens Lead as Global Arms Exporter Amid Increased European Demand
Global arms imports and exports have been relatively stable since 2010, with the volume remaining more or less at the same level. However, there has been a shift in the market, with Ukraine emerging as the world's leading arms importer between 2020 and 2024, surpassing its previous ranking of fourth place. The United States has maintained its position as the largest exporter, accounting for 43% of global arms exports between 2020 and 2024. France has solidified its position as the second-largest exporter, followed by Russia.
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