Stockholm: Russia leads the US in arms sales globally.
According to a foreign news agency, Swedish researchers say that global arms exports increased by 5.5% from 2015 to 2019 compared to 2010-2014.
According to a report by the Stockholm International Peace Research Institute (SPRY), US arms sales have increased by 23% in the last five years and accounted for 36% of global arms exports. Between 2015 and 2019, the United States sold large arms to 96 countries around the world.
Half of the total US arms exports were made to the Middle East, while the remaining half to Saudi Arabia.
Saudi Arabia is the largest buyer of US weapons in the world. Saudi Arabia increased its weapons purchases by 130% from 2015 to 2014, compared to the period from 2010 to 2014. Between 2015 and 2019, Saudi Arabia’s share of global arms purchases was 12%.
Experts say such a huge sale of weapons in the region is a concern if the tensions in the Middle East and concerns of further conflict in the future.
The report says the United States and Britain continue to sell weapons to Saudi Arabia, despite concerns over Saudi intervention in Yemen.
Russia’s exports, the world’s second-largest arms exporter, have declined 18%. The decline in Russian arms imports by India has been cited as the main reason.
According to the report, India has been the largest importer of weapons, but now it has reduced its imports by 32%. Similarly, Pakistan has also reduced weapons imports by 39%. Both nuclear powers are engaged in efforts to produce large arms at the local level, but most of them are still dependent on imports.
France’s arms exports have seen a dramatic increase of 72% over the past five years. Earlier, Germany was third with 7.9% of global exports, but France was well ahead. Half of France’s exports to Egypt, Qatar, and India. About a quarter of which was Raphael’s warplanes.
The report says that after the Cold War, arms exports were steadily declining. After 2000 it has increased again.