Military Weapons in 
United States 2019 Exports | Imports : $679M | $48.2M, World Rnk 1 / 80 Rnk 307 / 1217 | World Rnk 6 / 130 Rnk 941 / 1215
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $101M | $11.7M, Qatar | South Korea
2019 ECONOMIC COMPLEXITY of United States: 1.59, Rnk 9 / 147
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 (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 65%), Cuba (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 65%), Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.65%), Libya (Most Favoured Nation duty rate treatement, 0.65%), and Mayotte (Most Favoured Nation duty rate treatement, 0.65%).
Overview: In May 2021 United States' Military Weapons exports accounted up to $32.8M and imports accounted up to $6.28M, resulting in a positive trade balance of $26.5M. Between May 2020 and May 2021 the exports of United States' Military Weapons have increased by $16.7M (104%) from $16.1M to $32.8M, while imports decreased by $-1.1k (-0.018%) from $6.28M to $6.28M.
Destinations: In May 2021, Military Weapons were exported mostly to Saudi Arabia ($19.6M), Thailand ($2.43M), Estonia ($2.08M), Kuwait ($1.48M), and Netherlands ($1.2M), and were imported mostly from Germany ($3.63M), Switzerland ($983k), China ($961k), Sweden ($345k), and France ($129k).
Growth: In May 2021, the increase in Military Weapons's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($18.8M or 2.47k%), South Korea ($547k or 118%), and Mexico ($417k or 271%). In May 2021, the decrease in Military Weapons's year-by-year imports was explained primarily by a decrease in imports from Sweden ($-3.46M or -90.9%), United Kingdom ($-123k or -100%), and Italy ($-79.7k or -100%).
EXPORT GROWTH (May 2020 - May 2021): $16.7M, (104%)
IMPORT GROWTH (May 2020 - May 2021): $-1.1k, (-0.018%)
MAIN EXPORTER (May 2021): Nevada, $19.6M
MAIN DESTINATION (May 2021): Saudi Arabia, $19.6M
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.
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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).
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:
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):
In 2018, United States's main exporting competitors in Military Weapons were:
In 2018, United States's main importing competitors in Military Weapons were:
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 (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 65%), Cuba (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 65%), Equatorial Guinea (Most Favoured Nation duty rate treatement, 0.65%), Libya (Most Favoured Nation duty rate treatement, 0.65%), and Mayotte (Most Favoured Nation duty rate treatement, 0.65%).
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