WeaponsXIX (Harmonized System 1992 for Section)
2020 World Trade: $13.9B, Rnk 21 / 21
2020 Top Exporter | Top Importer: $3.79B | $3.65B, United States | United States
2020 Product Complexity: 0.69, Rnk 8 / 21
2019 - 2020 Export Growth (CAGR): -10%, Rnk 16 / 21
2018 Mean Tariff: 12.2%, Rnk 6 / 21
2020 Share of World Trade: 0.083%, Rnk 21 / 21
Overview This page contains the latest trade data of Weapons. In 2020, Weapons were the world's 21st most traded product, with a total trade of $13.9B. Between 2019 and 2020 the exports of Weapons decreased by -10%, from $15.4B to $13.9B. Trade in Weapons represent 0.083% of total world trade.
Weapons include Explosive Ammunition, Weapons Parts and Accessories, Other Firearms, Military Weapons, Handguns, Spring, Air, and Gas Guns, and Bladed Weapons and Accessories.
Exports In 2020 the top exporters of Weapons were United States ($3.79B), South Korea ($835M), Italy ($670M), Germany ($620M), and Austria ($570M).
Imports In 2020 the top importers of Weapons were United States ($3.65B), Saudi Arabia ($932M), United Arab Emirates ($687M), Indonesia ($496M), and Germany ($406M).
Tariffs In 2018 the average tariff for Weapons was 12.2%, making it the 6th lowest tariff using the Section product classification.
Ranking Weapons ranks 8th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on 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, $3.79B
Top Destination (2020): United States, $3.65B
Weapons are the world's 21st most traded product.
In 2020, the top exporters of Weapons were United States ($3.79B), South Korea ($835M), Italy ($670M), Germany ($620M), and Austria ($570M).
In 2020, the top importers of Weapons were United States ($3.65B), Saudi Arabia ($932M), United Arab Emirates ($687M), Indonesia ($496M), and Germany ($406M).
Trade by country
Top Origin Growth (2019 - 2020): South Korea, $264M
Top Destination Growth (2019 - 2020): United Arab Emirates, $448M
Between 2019 and 2020, the exports of Weapons grew the fastest in South Korea ($264M), Switzerland ($257M), France ($203M), Turkey ($197M), and China ($197M).
Between 2019 and 2020, the fastest growing importers of Weapons were United Arab Emirates ($448M), Indonesia ($308M), Niger ($137M), Norway ($136M), and Nigeria ($134M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Weapons.
In 2020, market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Weapons are explained by 21 countries.
TOP NET EXPORTER (2020): South Korea, $556M
TOP NET IMPORTER (2020): Saudi Arabia, $931M
This map shows which countries export or import more of Weapons. Each country is colored based on the difference in exports and imports of Weapons during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Weapons were South Korea ($556M), China ($551M), Italy ($541M), Austria ($468M), and Czechia ($448M).
In 2020, the countries that had a largest trade value in imports than in exports of Weapons were Saudi Arabia ($931M), United Arab Emirates ($658M), Indonesia ($496M), Qatar ($352M), and Thailand ($315M).
In 2020, the world most traded Weapons, disaggragated by their HS6 level were Explosive Ammunition ($6.37B), Weapons Parts and Accessories ($2.33B), Other Firearms ($1.5B), Military Weapons ($1.46B), and Handguns ($1.27B)
This visualization shows the countries that have an important ratio of their trade related to Weapons. It is possible to select the main countries that export or import 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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