Military Weapons in United States

2019
Exports | Imports
: $679M | $48.2M, World Rnk 1 / 80
Flag Rnk 307 / 1217 | World Rnk 6 / 130
Flag Rnk 941 / 1215

2019
Destination | Origin
: $167M | $11.7M, Qatar | South Korea

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $101M | $11.7M, Qatar |  South Korea

2019
ECONOMIC COMPLEXITY of United States
: 1.64, Rnk 9 / 157

2019
PRODUCT COMPLEXITY  IN Military Weapons
: -0.26, Rnk 630 / 1029

Exports: In 2019, United States exported $679M in Military Weapons, making it the 1st largest exporter of Military Weapons in the world. At the same year, Military Weapons was the 307th most exported product in United States. The main destination of Military Weapons exports from United States are: Qatar ($167M), Saudi Arabia ($126M), India ($70.5M), South Korea ($44.1M), and Thailand ($34.2M).

The fastest growing export markets for Military Weapons of United States between 2018 and 2019 were Qatar ($101M), India ($70.4M), and Thailand ($31.4M).

Imports: In 2019, United States imported $48.2M in Military Weapons, becoming the 6th largest importer of Military Weapons in the world. At the same year, Military Weapons was the 941st most imported product in United States. United States imports Military Weapons primarily from: South Korea ($11.7M), Germany ($9.21M), Sweden ($6.03M), Switzerland ($4.71M), and Colombia ($3.76M).

The fastest growing import markets in Military Weapons for United States between 2018 and 2019 were South Korea ($11.7M), Germany ($7.88M), and Sweden ($5.92M).

Tariffs: In 2017, the average tariff for United States in Military Weapons was 0.8%. The countries with the highest import tariffs for Military Weapons were North Korea (65%), Cuba (65%), Equatorial Guinea (0.65%), Libya (0.65%), and Mayotte (0.65%).

Overview: In January 2021 United States' Military Weapons exports accounted up to $23.9M and imports accounted up to $1.58M, resulting in a positive trade balance of $22.3M. Between January 2020 and January 2021 the exports of United States'   Military Weapons have decreased by $-57.1M (-70.5%) from $81M to $23.9M, while imports decreased by $-5.78M (-78.5%) from $7.36M to $1.58M.

Destinations: In January 2021 Military Weapons exported mostly to Netherlands ($3.82M), South Korea ($3.68M), Norway ($3.48M), Denmark ($2.79M), and Japan ($2.16M), and imported mostly from Germany ($729k), Austria ($331k), Switzerland ($254k), Belgium ($164k), and Sweden ($85.8k).

Growth: In January 2021, the decrease in Military Weapons's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia ($-22.9M or -99.9%), Australia ($-9.08M or -83%), and Italy ($-903k or -95.8%). In January 2021, the decrease in Military Weapons's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-5.77M or -98.5%), Belgium ($-114k or -41%), and Spain ($-3.9k or -28%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (January 2020 - January 2021): $-57.1M, (-70.5%)

IMPORT GROWTH (January 2020 - January 2021): $-5.78M, (-78.5%)

MAIN EXPORTER (January 2021): Texas, $8.41M

MAIN DESTINATION (January 2021): Netherlands, $3.82M

This section shows Military Weapons's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Military Weapons over time.

Value

EXPORTS (2019): $679M

IMPORTS (2019): $48.2M

NET TRADE (2019): $631M

In 2019, United States exported $679M in Military Weapons. The main destinations of United States exports on Military Weapons were Qatar ($167M), Saudi Arabia ($126M), India ($70.5M), South Korea ($44.1M), and Thailand ($34.2M).

In 2019, United States imported $48.2M in Military Weapons, mainly from South Korea ($11.7M), Germany ($9.21M), Sweden ($6.03M), Switzerland ($4.71M), and Colombia ($3.76M).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Military Weapons WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Military Weapons WITH:

Flow

THE FASTEST GROWING Military Weapons EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Military Weapons BY United States WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United States's main exporting competitors in Military Weapons were:

In 2018, United States's main importing competitors in Military Weapons were:

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Tariffs by Country

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In 2017, the average tariff for United States in Military Weapons was 0.8%.

The countries with the highest tariffs for Military Weapons in United States were North Korea (65%), Cuba (65%), Equatorial Guinea (0.65%), Libya (0.65%), and Mayotte (0.65%).

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