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%).
July 2021
Overview In July 2021 United States' Military Weapons exports accounted up to $61.9M and imports accounted up to $6.84M, resulting in a positive trade balance of $55M. Between July 2020 and July 2021 the exports of United States' Military Weapons have increased by $48.4M (358%) from $13.5M to $61.9M, while imports increased by $544k (8.64%) from $6.3M to $6.84M.
Destinations In July 2021, Military Weapons were exported mostly to Saudi Arabia ($34.4M), Australia ($8.9M), United Kingdom ($5.48M), Netherlands ($2.25M), and Norway ($2.18M), and were imported mostly from Germany ($4.5M), Switzerland ($1.49M), Austria ($409k), Hungary ($190k), and Netherlands ($123k).
Growth In July 2021, the increase in Military Weapons's year-by-year exports was explained primarily by an increase in exports to Australia ($7.54M or 558%), United Kingdom ($5.48M or 189k%), and Norway ($2.16M or 14.2k%). In July 2021, the increase in Military Weapons's year-by-year imports was explained primarily by an increase in imports from Germany ($2.85M or 174%), Switzerland ($965k or 184%), and Austria ($13.4k or 3.38%).
EXPORT GROWTH (July 2020 - July 2021): $48.4M, (358%)
IMPORT GROWTH (July 2020 - July 2021): $544k, (8.64%)
MAIN EXPORTER (July 2021): Nevada, $30.7M
MAIN DESTINATION (July 2021): Saudi Arabia, $34.4M
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 2019, United States's main exporting competitors in Military Weapons were:
In 2019, 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%).