Home Business The number one weapon seller! U.S. arms exports in fiscal year 2020 $175 billion
The number one weapon seller! U.S. arms exports in fiscal year 2020 $175 billion

The number one weapon seller! U.S. arms exports in fiscal year 2020 $175 billion

by YCPress

U.S. arms exports in fiscal year 2020

The total amount is 175 billion US dollars.

Year-on-year increase of 2.8%

Some think tank research reports

Half of the weapons go to the Middle East.

Total exports increased by 2.8% year-on-year.

The export of fighter jets and missiles has increased significantly.

Recently, U.S. officials disclosed that the total U.S. military equipment exports in fiscal year 2020 (from October 1, 2019 to September 30, 2020) amounted to $175 billion, an increase of 2.8% year-on-year.

According to the data released by the U.S. State Department, the export value of U.S. fighter jets and guided missiles increased significantly in the fiscal year, and the two major military companies, Lockheed Martin and Raytheon Company, received large orders.

According to the data, Japan bought 63 F-35 fighters from Lockheed Martin, with a total order of $23 billion.

The number of arms exports of the United States in 5 years

More than one-third of the world

Some analysts point out that during the administration of U.S. President Trump, restrictions on U.S. arms exports were relaxed, foreign arms sales were actively promoted, and even encouraged American diplomats to undertake sales. The average annual export volume of U.S. weapons was significantly higher than that of President Obama’s presidency.

According to a report by the International Peace Research Institute in Stockholm, Sweden in March this year, the United States has accounted for more than one-third of global arms exports in the past five years, and has been firmly in the world’s top arms seller.

According to the report, half of U.S. arms exports go to the Middle East.