Key Market Indicators
The UK's weapon export is forecast to decrease by 11.8% year on year from 2021 to 2026. It is expected to reach $275 million in 2026, having dropped from $464 million in 2021. This follows a 19.7% year on year decrease since 1965. Meanwhile, the country's weapon import is expected to rise 1.6% year on year on average over the same period. It is forecast to reach $725 million in 2026, having grown from $644 million in 2021. This follows a 20% year on year increase since 1965. In 2021, the UK ranked 11th in terms of weapon import, with Qatar overtaking it with $644 million. Saudi Arabia, Australia and South Korea occupied positions 2, 3 and 4 respectively.