The U.S. Is Still No.1 at Selling Arms to the World

The U.S. Is Still No.1 at Selling Arms to the World

The United States remains the world’s preeminent exporter of arms, with more than 50 percent of the global weaponry market controlled by the United States as of 2014. Arms sales by the U.S. jumped 35 percent, or nearly $10 billion, to $36.2 billion in 2014, according to the Congressional Research Service report, which analyzed the global arms market between 2007 and 2014.

Trailing the U.S. in weapons receipts is Russia, with $10.2 billion in sales in 2014, followed by Sweden with $5.5 billion, France with $4.4 billion and China with $2.2 billion, reports The New York Times.

The top weapons buyer in 2014 was South Korea, a key American ally, which has been squaring off with an increasingly belligerent North Korea in recent years.  Iraq was the second biggest weapons buyer, as the country seeks to build up its military capacity following the withdrawal of the bulk of American ground troops there. Brazil was the third biggest buyer, primarily of Swedish aircraft.

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