Report: US, Russia account for half of world arms sales


Stockholm - The United States and Russia jointly accounted for more than half of global arms sales between 2005 and 2009, according to a report Monday by a Swedish-based research institute. The volume of world arms sales increased by 22 per cent in the fi
Posted : Mon, 15 Mar 2010 10:06:09 GMT
By : dpa
Category : Business
News Alerts by Email ( click here )
Business News | Home
Stockholm - The United States and Russia jointly accounted for more than half of global arms sales between 2005 and 2009, according to a report Monday by a Swedish-based research institute. The volume of world arms sales increased by 22 per cent in the five-year period when compared to 2000-2004, the Stockholm International Peace Research Institute (SIPRI) said.

The United States accounted for 30 per cent of global arms exports in the period, selling arms to some 100 countries including its allies in the 28-member NATO defence alliance.

About half of US sales were linked to combat aircraft and "associated weapons and components," SIPRI said.

Russia accounted for about a quarter of global arms sales and was the main supplier to China and India, the world's largest arms importers in the period.

Other main Russian export markets were Algeria and Malaysia, which both acquired Russian combat fighters.

Fighter jets accounted for roughly one fourth of the volume of international arms transfers, SIPRI said, adding that "orders and deliveries of these potentially destabilizing weapon systems have led to arms race concerns" in the Middle East, North Africa and South America.

The world's third largest arms exporter was Germany, with 11 per cent of total sales. Its position was boosted by sales of armoured vehicles.

France was the fourth largest exporter, with a global share of 8 per cent, thanks to the sale of combat fighters, frigates and helicopters. Britain's 4-per cent share included sales of Hawk trainer aircraft used by India, SIPRI said.

South Korea, the United Arab Emirates (UAE) and Greece, big buyers of combat aircraft, were among the top-five importers of conventional weapons systems, SIPRI said.

The report, which does not include small arms, is based on public sources ranging from national and regional newspapers to specialized international journals.

SIPRI used a five-year cycle to even out fluctuations caused by a big order during any specific year.

The SIPRI database reflects volumes and is not designed to specify the financial value of sales, partly due to the constraints of using and comparing data, the institute said.

More details available at www.sipri.org.

Copyright DPA

Subscribe now
For more information related to Report: US, Russia account for half of world arms sales delivered to your inbox

Related News



blog comments powered by Disqus


Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark



 
 

 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


Trending Stories this week

Business

»
»
»
»
»
»
»
»
»
»

Bank of England

» Central banks try to calm financial turmoil - Summary
» 2ND ROUNDUP European rates on hold amid recession fears
» Europe keeps rates on hold as inflation gains ground - Summary

Federal Reserve

» Japanese stocks inch up despite Fed warning, stronger yen
» Bernanke: Central banks must be free from political influence
» Bernanke: Global imbalances could return if Asia, US don't act
» Tokyo stocks rise on upbeat expectations for US economy - Summary
» Philippine stocks up 4.73 per cent
» Tokyo stocks open lower on US interest rate cut

OPEC

» OPEC oil price unmoved by US economic concerns
» OPECoil price retreats from 74-dollar mark
» OPEC lowers demand outlook for coming quarters
» OPEC oil rises to 72.58 dollars
» OPEC oil price retreats to 72 dollars
» OPEC oil price climbs to 72.79 dollars

austerity

» Italy's austerity measures clear first parliament hurdle
» Greece wins EU praise for its austerity efforts
» ANALYSIS: Slowing global growth adds to German budget risks
» German consumers ready to buy despite government austerity
» EU commission to review Spain and Portugal's budget cuts on June 15
» Spanish parliament approves austerity package in tight vote

European Central Bank

» Global recovery will be dampened by deficit cutting, ECB says
» Trichet rejects concerns about budget cuts hitting economic growth
» Tech company and ECBclash in German court over anti-forging euros
» ECB keeps rates on hold amid economic slowdown fears - 2nd Update
» ECB keeps rates on hold amid economic slowdown fears - Update
» ECB expected to hold rates amid fears about slowing global economy

jobless

» Spain's unemployment down 2 per cent in June
» Singapore's jobless rate falls to lowest level in two years
» Spain's unemployment down - government seeks labour reform - Summary
» Japanese unemployment rises to 5.1 per cent in April - Update
» Japanese unemployment rises to 5.1 per cent in April
» Spanish unemployment soars past 20 per cent - twice EU average

unemployment

» Economic crisis putting brake on legal immigration, OECD says
» Unemployment edges lower in Switzerland
» German unemployment falls for the 12th month in a row
» Philippines' unemployment rate rises to 8 per cent in April
» Spain announces more austerity as unemployment mounts - Update
» Germany to post steady economic growth, report to say

BP plc

interest rates

» European banks hold rates amid economic slowdown fears - Summary
» PREVIEW: ECB to hold rates amid fears about slowing global economy
» Central banks hold rates, ECB to curb big loans - Summary

shares

» China bank shares jump 2 per cent in Hong Kong debut
» Japanese stocks plunge nearly 3 per cent on stronger yen - Summary
» Japanese stocks drop on stronger yen
» China bank shares rise 0.75 per cent on market debut - Summary
» Japanese stocks fall on stronger yen - Summary
» Agricultural Bank of China shares jump 2.2 per cent on market debut

The Earth Times
News Category

© 2010 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.