This country is the ‘King’ of the arms market, know which countries are the 5 biggest buyers
Amidst the war between Russia and Ukraine, Putin is putting pressure on Ukraine by showing his fear of nuclear weapons. Do you know which country is the king of arms market in the world, read further.
Top five sellers of arms
Let us tell you that the world’s 5 largest sellers of weapons are America, Russia, France, Germany and China. These are the five countries that hold 75 percent of the world’s arms market. But America is at the top in terms of arms sales. It alone sells more than 37 per cent of the arms. After this comes Russia, it has a share of 20 percent. China is in fifth place with France 8.3 percent, Germany 5.5 percent and 5.2 percent. ,
five largest arms buyers
According to the 2021 report of Stockholm International Peace Research Institute (SIPRI), Saudi Arabia, India, Egypt, Australia and China are the five largest arms buying countries in the world. Saudi Arabia is the largest 5 buyer in the global arms market with 11 per cent, India 9.5 per cent, Egypt 5.8 per cent, Australia 5.1 per cent and China 4.7 per cent.
Talking about China, China is the only country whose name is included in the list of countries that sell the most weapons and buy the most weapons. Experts say that China works on the reverse engineering formula, that is, first it buys weapons. Then makes some changes in those weapons according to his need and then sells them further to other countries.
India takes maximum weapons from Russia
According to the latest SIPRI report, Russia has the top three arms buyers – India, China and Algeria. India buys 23 percent of Russia’s weapons, China 18 percent and Algeria 15 percent. That is, India is the biggest buyer of Russian weapons. According to the SIPRI report, while America’s arms market has grown by 15 percent in the last ten years, Russia’s has decreased by 22 percent.
Apart from Russia, India also takes arms from three other countries. India also buys weapons from America, Israel and France, so India can neither anger Russia nor stand against America.