US Builds Global Share of Defense Market

The United States has steadily increased its share of the global arms market, even as US defense spending has dipped, announced the Stockholm International Peace Research Institute on Monday. The volume of US exports has risen as US firms have worked to preserve production capabilities by finding new markets in the Middle East and Asia, according to SIPRI, which updated its Arms Transfers Database with new information on 2014 sales and additional data on sales from 1950 to 2013. US firms have largely succeeded in cementing their position as the dominant supplier to the global market, now holding 31 percent of the international arms export market between 2010 and 2014, up from 29 percent from 2005 to 2009, according to SIPRI’s data. The United States delivered major weapons to at least 94 recipients between 2010 and 2014. South Korea accounted for nine percent of those sales, with the United Arab Emirates and Australia accounting for eight percent each. In contrast, Russia’s share of the arms market rose from 22 percent between 2005 and 2009 to 27 percent from 2010 to 2014, but involved fewer customers. India accounted for 39 percent of Russia’s arms deliveries from 2010 to 2014, followed by 11 percent to China and eight percent to Algeria. SIPRI’s data reflect the same trends as identified in a recent report by global information firm IHS.