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XIX (Harmonized System 1992 for Section)

2022
World Trade $18.8BRnk 21 / 21
2022
Top Exporter | Top Importer $4.14B | $4.53BUnited States | United States
2022
Product Complexity 0.84Rnk 5 / 21
2021 - 2022
Export Growth (CAGR) 18.1%Rnk 3 / 21
2022
Share of World Trade 0.079%Rnk 21 / 21

About

Overview This page contains the latest trade data of Weapons. In 2022, Weapons were the world's 21st most traded product, with a total trade of $18.8B. Between 2021 and 2022 the exports of Weapons grew by 18.1%, from $15.9B to $18.8B. Trade in Weapons represent 0.079% of total world trade.

Weapons include Weapons.

Exports In 2022 the top exporters of Weapons  were United States ($4.14B), South Korea ($1.19B), Italy ($1B), Poland ($932M), and Bulgaria ($829M).

Imports In 2022 the top importers of Weapons were United States ($4.53B), Ukraine ($1.48B), Poland ($1.31B), Saudi Arabia ($810M), and United Arab Emirates ($689M).

Ranking Weapons ranks 5th 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 (2022)United States$4.14B
Top Destination (2022)United States$4.53B

In 2022 Weapons were the world's 21st most traded product (out of 21).

In 2022, the top exporters of Weapons were United States ($4.14B), South Korea ($1.19B), Italy ($1B), Poland ($932M), and Bulgaria ($829M).

In 2022, the top importers of Weapons were United States ($4.53B), Ukraine ($1.48B), Poland ($1.31B), Saudi Arabia ($810M), and United Arab Emirates ($689M).

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Exporters of Weapons (2022)
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Importers of Weapons (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Poland$797M
Top Destination Growth (2021 -  2022)Ukraine$1.41B

Between 2021 and 2022, the exports of Weapons grew the fastest in Poland ($797M), Bulgaria ($703M), United States ($667M), Slovakia ($280M), and France ($219M).

Between 2021 and 2022, the fastest growing importers of Weapons were Ukraine ($1.41B), Poland ($1.04B), Czechia ($300M), Niger ($268M), and Japan ($259M).

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Exporters of Weapons (2021 - 2022)

Importers of Weapons (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Weapons are explained by 25 countries.

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Value of Exports in Weapons

Net Trade

TOP NET EXPORTER (2022)South Korea$935M
TOP NET IMPORTER (2022)Ukraine$1.48B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Weapons were South Korea ($935M), Italy ($805M), Bulgaria ($781M), Turkey ($668M), and Austria ($502M).

In 2022, the countries that had a largest trade value in imports than in exports of Weapons were Ukraine ($1.48B), Saudi Arabia ($810M), United Arab Emirates ($661M), Australia ($436M), and Qatar ($386M).

Net Trade (2022)

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 (2022)

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