HS Icon Military Weapons

9301 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.05B, Rnk 898 / 1225

Top Exporter (2018): $450M, United States

Top Importer (2018): $206M, Saudi Arabia

Product Complexity (2018): -0.18, Rnk 604 / 1018

Export Growth (CAGR)(2017 - 2018): 33.6%, Rnk 143 / 1225

Mean Tariff (2018): 10.3%, Rnk 410 / 1259

Share of World Trade (2018): 0.0057%, Rnk 898 / 1225

Overview:  This page contains the latest trade data of Military Weapons. In 2018, Military Weapons were the world's 898th most traded product, with a total trade of $1.05B. Between 2017 and 2018 the exports of Military Weapons grew by 33.6%, from  $785M to $1.05B. Trade in Military Weapons represent 0.0057% of total world trade.

Exports: In 2018 the top exporters of Military Weapons  were United States ($450M), Norway ($61.4M), Israel ($60.8M), Spain ($54.1M), and Croatia ($49.4M).

Imports: In 2018 the top importers of Military Weapons were Saudi Arabia ($206M), Qatar ($66.2M), Oman ($65M), Iraq ($58.9M), and United States ($50.6M).

Tariffs: In 2018 the average tariff for Military Weapons was 10.3%, been the 410 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Military Weapons are Nepal (78.1%), Syria (46%), Maldives (34.2%), Fiji (31.1%), and Angola (30%). The countries with the lowest tariffs are Algeria (0%), Egypt (0%), Ethiopia (0%), Mauritius (0%), and Hong Kong (0%).

Ranking: Military Weapons ranks 604th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $450M

Top Destination (2018): Saudi Arabia, $206M

Military Weapons are the world's 898th most traded product.

In 2018, the top exporters of Military Weapons were United States ($450M), Norway ($61.4M), Israel ($60.8M), Spain ($54.1M), and Croatia ($49.4M).

In 2018, the top importers of Military Weapons were Saudi Arabia ($206M), Qatar ($66.2M), Oman ($65M), Iraq ($58.9M), and United States ($50.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $133M

Top Destination Growth (2017 - 2018): Saudi Arabia, $136M

Between 2017 and 2018, the exports of Military Weapons grew the fastest in United States ($133M), Israel ($45.9M), Croatia ($45.4M), Belgium-Luxembourg ($42.7M), and France ($28.1M).

Between 2017 and 2018, the fastest growing importers of Military Weapons were Saudi Arabia ($136M), Qatar ($60.6M), Iraq ($54.5M), Zambia ($42.8M), and Mexico ($34.2M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Military Weapons.

In 2018,  market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Military Weapons are explained by 11 countries.

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TOP NET EXPORTER (2018): United States, $400M

TOP NET IMPORTER (2018): Brazil, $31.7M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Military Weapons were United States ($400M), Norway ($60.4M), Spain ($51.2M), Croatia ($49.2M), and France ($48.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Military Weapons were Brazil ($31.7M), Indonesia ($27.2M), Thailand ($24.3M), Kuwait ($20.3M), and Pakistan ($19.8M).

Trade Forecasts

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This section shows forecasts for total trade for Military Weapons. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Military Weapons was 10.3%.  The countries with the highest tariffs for importing Military Weapons were Nepal (78.1%), Syria (46%), Maldives (34.2%), Fiji (31.1%), and Angola (30%).

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Product Complexity

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Diversification Frontier

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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.