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Arms trade in Europe doubles. France overtakes Russia as the world's second largest exporter

2024-03-11 14:08:04Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Arms trade in Europe doubles. France overtakes Russia as the world's second

European countries almost doubled their arms trade between 2014-2018 and 2019-2023, increasing by 94% during this period, according to a new study by the Stockholm International Peace Research Institute (SIPRI). Most of this increase was due to shipments to Ukraine.

Two European countries, France and Italy, have also significantly increased their exports over the same period, finding buyers in Europe, Asia and the Middle East. Surprisingly given the current situation in Europe and the rest of the world, with the conflicts in Ukraine and Gaza, the global volume of international arms trade fell slightly by 3.3% between the periods 2014-2018 and 2019-2023.

The largest importer in Europe is Ukraine, which accounted for 23% of the total during the period 2019-2023. The next largest importers were the United Kingdom (11%) and the Netherlands (9%). During this period, Europe's arms purchases from the US accounted for 55% of the total.

According to the International Peace Research Institute, many factors shape the decisions of European NATO member states to import weapons from the US, including maintaining the transatlantic relationship, along with more technical, military and cost-related issues.

The US and France currently dominate global arms exports, with Washington increasing its exports by 17% between 2014-2018 and 2019-2023 and Paris by 47% over the same period.

The US alone accounted for 42% of total global arms exports, distributing arms to 107 countries between 2019 and 2023, more than any other major exporter. The increase in French arms exports, on the other hand, was mainly due to the delivery of fighter jets to India, Qatar and Egypt.

For the first time, France was ahead of Russia in the list of the world's biggest arms exporters, coming in second with Russia in third. This is because while France's exports rose, Russia's exports halved (-53%) over the same period. While Russia exported to 31 countries in 2019, the number dropped to just 12 in 2023.

Most of France's arms exports (42%) went to countries in Asia and Oceania, while another 34% went to Middle Eastern countries. The largest recipient of French arms exports was India, with nearly 30% of the total. Other countries recorded increases in arms exports in the past three years. In Italy, arms exports increased by 86%, while in South Korea by 12%.


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