Monday, January 18, 2021

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

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.

Pakistan Armed Forces Fully Behind Azerbaijan Over Nagorno-Karabakh Conflict – Army Chief

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%.

Featured

UK, Germany, France Warn Iran Against Starting Work On Nuclear Program

Tensions between Iran and the EU nations including the UK, Germany and France have reached a fever pitch over Tehran’s decision to accelerate nuclear...

Afghan President Ashraf Ghani Condemns Attack On Female Judges; Urges Taliban To End Violence

Afghan President Ashraf Ghani in a statement said the terrorist attack and continued violence is contrary to Islamic guidance and urged the Taliban to...

Why Pakistan Keeps Calling India’s Ruling Party BJP’s Parent Body RSS A Terror Group?

Pakistan has urged the United Nations Security Council to designate India’s Rashtriya Swayamsevak Sangh (RSS) -- the parent organization of the ruling Bharatiya Janata...

Why China’s Dream Of Establishing Overseas Military Base In At-Least 12 Nations Could Soon Turn Into A Nightmare? 

Contrary to the apprehensions of the US Department of Defense that China is wooing 12 countries to make them agree to host its military...

Tejas vs Sukhoi: Why India’s LCA Tejas Is ‘Definitely Better’ Than Russian Su-30 MKI Jets? Expert Analysis

As India takes a great leap forward with a mega deal on home-grown Tejas Light Combat Aircraft (LCA), the question is how would they...