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XIX (Harmonized System 1992 for Section)

2023
World Trade $20.9BRnk 21 / 21
2023
Top Exporter | Top Importer $4.76B | $4.44BUnited States | United States
2023
Product Complexity 0.39Rnk 8 / 21
2022 - 2023
Export Growth (CAGR) 17.6%Rnk 1 / 21
2023
Share of World Trade 0.093%Rnk 21 / 21

About

Overview This page contains the latest trade data of Weapons. In 2023, Weapons were the world's 21st most traded product, with a total trade of $20.9B. Between 2022 and 2023 the exports of Weapons grew by 17.6%, from $17.8B to $20.9B. Trade in Weapons represent 0.093% of total world trade.

Weapons include Weapons.

Exports In 2023 the top exporters of Weapons  were United States ($4.76B), Poland ($1.44B), Bulgaria ($1.33B), Italy ($1.12B), and Germany ($948M).

Imports In 2023 the top importers of Weapons were United States ($4.44B), Poland ($2.39B), Ukraine ($1.95B), Israel ($935M), and Czechia ($732M).

Ranking Weapons ranks 8th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$4.76B
Top Destination (2023)United States$4.44B

In 2023 Weapons were the world's 21st most traded product (out of 21).

In 2023, the top exporters of Weapons were United States ($4.76B), Poland ($1.44B), Bulgaria ($1.33B), Italy ($1.12B), and Germany ($948M).

In 2023, the top importers of Weapons were United States ($4.44B), Poland ($2.39B), Ukraine ($1.95B), Israel ($935M), and Czechia ($732M).

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Exporters of Weapons (2023)
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Importers of Weapons (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$1.19B
Top Destination Growth (2022 -  2023)Poland$1.2B

Between 2022 and 2023, the exports of Weapons grew the fastest in United States ($1.19B), Poland ($514M), Bulgaria ($499M), Spain ($245M), and Thailand ($185M).

Between 2022 and 2023, the fastest growing importers of Weapons were Poland ($1.2B), Israel ($530M), Ukraine ($465M), Slovakia ($249M), and Bahrain ($236M).

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Exporters of Weapons (2022 - 2023)

Importers of Weapons (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Weapons are explained by 24 countries.

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Value of Exports in Weapons

Net Trade

TOP NET EXPORTER (2023)Bulgaria$1.19B
TOP NET IMPORTER (2023)Ukraine$1.94B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Weapons were Bulgaria ($1.19B), Italy ($917M), China ($670M), Turkey ($644M), and Brazil ($563M).

In 2023, the countries that had a largest trade value in imports than in exports of Weapons were Ukraine ($1.94B), Poland ($945M), Saudi Arabia ($488M), Israel ($446M), and Netherlands ($285M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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.

Top 10 Exporters Countries of Weapons by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $12.6M
TOP IMPORT POTENTIALGermany+ $14.3M

Weapons’s highest export potential is United States. With an export gap of $12.6M.  Weapons’s highest import potential is Germany with an import gap of $14.3M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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