European states increase arms imports, US dominates exports: Think tank

European states increased their imports of major weaponry by 47 percent in the five years to 2022, while the United States’ share of global arms exports rose to 40 percent from 33 percent, a leading conflict think-tank said on Monday.

Russia’s invasion of Ukraine last year, following years of growing tensions, has prompted European countries to rush to bolster their defenses.

For the latest headlines, follow our Google News channel online or via the app.

“Even as arms transfers have declined globally, those to Europe have risen sharply due to the tensions between Russia and most other European states,” Pieter D. Wezeman, Senior Researcher with the Stockholm International Peace Research Institute (SIPRI), said in a statement.

SIPRI defines major arms as aircraft, warships, tanks, artillery, missiles and various heavy defense systems.

European states in the US-led NATO alliance increased their arms imports by 65 percent from the previous five-year period. But worldwide, international arms transfers fell 5.1 percent, according to SIPRI.

The United States and Russia have been the world’s largest and second-largest arms exporters for the past three decades.

US arms exports increased by 14 percent from 2013-17, and the US accounted for 40 percent of global arms exports. Russia’s share fell to 16 percent from 22 percent.

“It is likely that the invasion of Ukraine will further limit Russia’s arms exports,” SIPRI’s Siemon T. Wezeman said.
“This is because Russia will prioritize supplying its armed forces and demand from other states will remain low due to trade sanctions on Russia.”

In 2022, SIPRI warned that the global nuclear arsenal was likely to grow in the coming years.

Read more:

Saudi Arabia, Qatar and Egypt rank in top 10 largest arms importers over past 5 years

US to vet human rights more closely before approving arms deals: Officials

Iraq signs contracts with US, France to import advanced weapons: State news agency