Connect with us

Featured

China, France Or The UK – Which Country Has Pipped Russia To Emerge As World’s 2nd Largest Defence Exporter?

Published

on

The United Kingdom has recently released the official statistics of its Defense and Security Export market for the year 2019, holding on to its position of being the second-largest defence exporter for consecutively two years, ahead of Russia.

China Warns India Of “Irreversible Damage” To Bilateral Ties With Modi Government’s Biggest-Ever Provocation

According to the report, the UK’s share of the global defence export market was estimated at 16% in 2019. The UK’s largest defence export markets were the Middle East, Europe and North America, worth 7.2 billion pounds.

The rise in the export market share is attributed to success in bagging several deals mainly involving the sales of fighter aircraft- the Eurofighter Typhoon, to Kuwait, Qatar, Oman, and Saudi Arabia.

The sales of Hawk trainer aircraft to India was also mentioned, along with helicopter sales to Norway and South Korea, and Trent 700 aircraft engines to France.

An interesting mention of the revenue source is F-35 work with the United States, from which the UK has started received deliveries for the same.

The report also mentions some major global defence export deals, which include:

  • Russia – Lease of 6 x Akula submarines to India ($3.3 billion)

  • US to Saudi Arabia – Multi-Mission Surface Combatant ships (MMSC) ($1.95 billion)

  • Brazil to Portugal – 5 x Embraer KC-390 multi-mission airlifters ($932 million)

  • Russia to Malaysia – Su-30MKM fighter aircraft refurbishment ($540 million)

  • US to Norway – 4 x P-8A aircraft ($595 million)

The statistics also revealed that 2018 had been the highest-expenditure year ever and that the global defence export market is estimated to have decreased from $100 billion in 2018 to just around $89 billion in 2019.

russia-para-troopers

Russian Paratroopers: File Image

While being the second-largest exporter, the United Kingdom was also the 10th largest importer of weapon systems, mainly involving the F-35 and UAV deals with the United States. Saudi Arabia and India still bag the top positions in the leading importers’ list.

These new reports reveal a major setback for Russia, which was considered to be one of the major arms exporters in the world after the United States, however, the trends have changed rapidly during the past five years.

While Washington retains its top position, the race for the second has been quite tough; in 2015 it was France, narrowly continuing its position the next year, while Russia came up as the second during 2017. Since then, the UK has maintained its second position according to the British reports.

In 2019, the US achieved a market share of approximately 47% (reflecting strong sales across all sectors), while the UK was at 16%, Russia at 11% and France at 10%.

Advertisement
Advertisement

Facebook

FEATURED

F-22-RAPTOR F-22-RAPTOR
Americas8 hours ago

DE-CODED: Why US’ 6th-Gen Fighter Jets Could Be Nothing But Modified F-22 Raptors & F-35 Jets?

Lockheed Martin’s fifth-generation F-35 stealth fighter jets have cemented United States’ reputation as an absolute powerhouse when it comes to...

US-ARMY-TANK US-ARMY-TANK
Americas10 hours ago

Awed With Chinese & Turkish Drones, US Pours In Billions Of Dollars To Develop ‘Drone Killers’: WATCH

Drones or unmanned vehicles are becoming a major threat as more and more countries are developing and relying on it....

TIBET-CARD TIBET-CARD
Featured11 hours ago

WATCH: Tibetan Soldiers Singing Indian Patriotic Song In Ladakh; Vow To Take Revenge From China

In a display of unity and solidarity, the Tibetan soldiers belonging to the Special Frontier Force (SFF) sang a patriotic...

F-35-INDIA F-35-INDIA
Americas15 hours ago

Japanese F35s, US Navy Display Their ‘Muscle Power’ Amid Chinese Belligerence In The Indo-Pacific

The US and Japan are continuing the efforts to thwart Chinese influence in the Indo- Pacific region with joint military...

HAL-TEJAS HAL-TEJAS
Expert Reviews17 hours ago

Not LCA Tejas, This Was India’s 1st Indigenous Fighter Jet That Terrorized Pak Air Force Without Even A Single Loss

Aatmanirbhar Bharat or self-reliant India is the new slogan introduced by the current BJP government, but the importance of building...

India-UAE India-UAE
Featured20 hours ago

Why Satellite Hacking Has Become The ‘Biggest Global Threat’ For Countries Like US, China, Russia & India?

The US Air Force in April this year organised a hackathon to test the vulnerabilities of its military satellites in...

CPEC-Project CPEC-Project
Featured20 hours ago

Bloody Days Ahead As India, Pakistan Join Two Opposite Military-Blocks Of The Middle-East

OPED By Haider Abbas. Edited By Younis Dar

SAAB-GRIPEN SAAB-GRIPEN
Featured22 hours ago

Indian Air Force Bound To Reject Gripen Fighter Jets After SAAB’ Secretive Military Deal With Pakistan?

Having been ruled out of the race for Indian Air Force’s (IAF) procurement of modern fighters for their depleted squadrons...

Trump-Putin-Meeting Trump-Putin-Meeting
Americas23 hours ago

Like Iran, US Looks To ‘Take-Out’ Its 2nd Biggest Global Adversary But Russia Determined To Thwart Plans

With rising tensions in Latin America, the US and Russia are yet again using their influence in the region. In...

KAZAKHSTAN-INDIA-CHINA KAZAKHSTAN-INDIA-CHINA
Featured24 hours ago

Right Under The Nose Of China, India Looks To Ink Defence Pact With Its Key Neighbour – Kazakhstan

Regardless of the Corona Virus pandemic that has eclipsed the basic functioning of the world, the year 2020 has been...

Advertisement