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The United States had a market share of over 42 percent in international arms exports between 2021 and 2025. The second-largest suppliers of major weapons worldwide were France and Russia, accounting for 9.8 and 6.8 percent of exports over the observed period, respectively. 

Leading military spending countries

Three decades after the end of the Cold War and the fall of the USSR, the United States is, by far, the largest defense spender in the world, even though the U.S. defense outlays have decreased since the peak of the Iraq and Afghan wars. However, China has increased military spending in the past decade, becoming the second-largest spender in the world, signaling a possible shift in the global balance of military power, and several European NATO members have increased military spending significantly after the outbreak of the Russia-Ukraine war.

Leading military importers

Meanwhile, the market share of imports shows India and Saudi Arabia are the largest buyers. Saudi Arabia also spends the third most on its military as a percentage of gross domestic product, with Ukraine first.