Military Weapons9301 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.46B, Rnk 795 / 1217
2020 Top Exporter | Top Importer: $502M | $197M, United States | Indonesia
2020 Product Complexity: -0.014, Rnk 553 / 1028
2019 - 2020 Export Growth (CAGR): 16.8%, Rnk 68 / 1217
2018 Mean Tariff: 10.9%, Rnk 361 / 1259
2020 Share of World Trade: 0.0087%, Rnk 795 / 1217
Overview This page contains the latest trade data of Military Weapons. In 2020, Military Weapons were the world's 795th most traded product, with a total trade of $1.46B. Between 2019 and 2020 the exports of Military Weapons grew by 16.8%, from $1.25B to $1.46B. Trade in Military Weapons represent 0.0087% of total world trade.
Military Weapons are a part of Weapons. They include Military weapons, other than hand guns, swords, etc.
Exports In 2020 the top exporters of Military Weapons were United States ($502M), South Korea ($228M), China ($202M), Norway ($90.2M), and Switzerland ($88.6M).
Imports In 2020 the top importers of Military Weapons were Indonesia ($197M), Norway ($152M), Nigeria ($149M), United States ($60.6M), and Australia ($58.9M).
Tariffs In 2018 the average tariff for Military Weapons was 10.9%, making it the 361st lowest tariff using the HS4 product classification.
Ranking Military Weapons ranks 553rd in the Product Complexity Index (PCI).
Description Military weapons are used for military purposes. They can be made from a variety of materials, including steel, aluminum, and plastic.
The following visualization shows the latest trends on Military Weapons. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): United States, $502M
Top Destination (2020): Indonesia, $197M
Military Weapons are the world's 795th most traded product.
In 2020, the top exporters of Military Weapons were United States ($502M), South Korea ($228M), China ($202M), Norway ($90.2M), and Switzerland ($88.6M).
In 2020, the top importers of Military Weapons were Indonesia ($197M), Norway ($152M), Nigeria ($149M), United States ($60.6M), and Australia ($58.9M).
Trade by country
Between 2019 and 2020, the exports of Military Weapons grew the fastest in China ($186M), South Korea ($140M), Norway ($88.9M), Netherlands ($67.9M), and Switzerland ($47.5M).
Between 2019 and 2020, the fastest growing importers of Military Weapons were Indonesia ($175M), Norway ($130M), Nigeria ($122M), Finland ($38.8M), and Zambia ($34.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Military Weapons.
In 2020, market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Military Weapons are explained by 10 countries.
TOP NET EXPORTER (2020): United States, $441M
TOP NET IMPORTER (2020): Indonesia, $197M
This map shows which countries export or import more of Military Weapons. Each country is colored based on the difference in exports and imports of Military Weapons during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Military Weapons were United States ($441M), China ($201M), South Korea ($201M), Switzerland ($88.2M), and Netherlands ($52.4M).
In 2020, the countries that had a largest trade value in imports than in exports of Military Weapons were Indonesia ($197M), Norway ($61.9M), Australia ($58.2M), Finland ($39.4M), and Thailand ($31.3M).
In 2020, the world most traded Military Weapons, disaggragated by their HS6 level were Military weapons, other than hand guns,... ($1.46B)
This visualization shows the countries that have an important ratio of their trade related to Military Weapons. It is possible to select the main countries that export or import Military Weapons in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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