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Tuesday, November 5, 2024
CEOWORLD magazine - Latest - CEO Insider - Market Share Of The World’s Biggest Arms Importers Between 2014 to 2018, By Nation

CEO Insider

Market Share Of The World’s Biggest Arms Importers Between 2014 to 2018, By Nation

Saudi Arabia was the biggest arms importer from 2014-18, which accounted for 12 percent of the total imports during the period leaving behind India. India was the world’s second largest importer of major arms in 2014-18 and accounted for 9.5% of the global total.

To identify the biggest arms importers in the world, CEOWORLD magazine studied the 10 countries with the highest shares of global arms imports in the five year period 2014-18 using the latest data provided by the Stockholm International Peace Research Institute (SIPRI). After eight years of holding the position of the biggest importer of of major arms, India has been superseded by Saudi Arabia and dropped down to become the world’s second largest importer of weapons.

The data below shows the market share in the import of conventional weapons by nation in the years from 2014 to 2018.

Market share Of The world’s Biggest Arms Importers Between 2014 to 2018, By Nation:

1. Saudi Arabia
Percentage of conventional weapon imports: 12%

2. India
Percentage of conventional weapon imports: 9.5%

3. Egypt
Percentage of conventional weapon imports: 5.1%

4. Australia
Percentage of conventional weapon imports: 4.6%

5. Algeria
Percentage of conventional weapon imports: 4.4%

6. China
Percentage of conventional weapon imports: 4.2%

7. United Arab Emirates
Percentage of conventional weapon imports: 3.7%

8. Iraq
Percentage of conventional weapon imports: 3.7%

9. South Korea
Percentage of conventional weapon imports: 3.1%

10. Vietnam
Percentage of conventional weapon imports: 2.9%

Market share in the import of major arms between 2014 to 2018, by nation

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CEOWORLD magazine - Latest - CEO Insider - Market Share Of The World’s Biggest Arms Importers Between 2014 to 2018, By Nation
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.