Military Weapons9301 (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).
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).
Trade by country
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).
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.
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).
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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