Sunday, September 6, 2009

US Share of Worldwide Arms Market

US Share of Global Arms Sales

Russia was far behind in 2008 with $3.3 billion in weapons sales to the developing world, about 7.8 percent of all such agreements. The report notes that while Moscow continues to have China and India as its main weapons clients, Russia’s new focus is on arms sales to Latin American, in particular to Venezuela.

France was third with $2.5 billion in arms sales to developing nations, or about 5.9 percent of weapons deals with these countries.

The top buyers in the developing world in 2008 were the United Arab Emirates, which signed $9.7 billion in arms deals, Saudi Arabia, which signed $8.7 billion in weapons agreements, and Morocco, with $5.4 billion in arms purchases.

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