Report: Global arms trade reached peak in 2014 since Cold War

Report: Global arms trade reached peak in 2014 since Cold War
# 05 January 2015 10:32 (UTC +04:00)

Baku. Rashad Suleymanov – APA. The volume of export-import operations of conventional arms made $74.25 billion in the world in 2014.

It was reflected in the report of the Centre for Analysis of World Arms Trade (CAWAT), APA reports.

Global arms trade reached a peak in 2014 since the Cold War. This figure was $60.364 billion in 2011, $58.352 billion in 2012, $57.2 billion in 2013. Totally global arms trade made $250.168 billion over the past four years.

The increase in the arms export in 2014 is due to the implementation of “mega deal” signed by the United States and a number of Middle Eastern countries.

The United States was the biggest arms exporter in 2014, with $30.385 billion. The top ten biggest arms suppliers include Russia, France, Great Britain, Germany, Italy, Sweden, Israel, Spain and Switzerland.

India ranked first for arms import with $11.29 billion, Saudi Arabia second with $7,439 billion and Taiwan third with $4,199 billion. The top ten also includes Australia, the United Arab Emirates, the United Kingdom, Turkey, Iraq, Indonesia and the United States.

According to the CAWAT report, over the past four years, Azerbaijan has spent $4.353 billion on arms import and took the 18th place among the largest arms importers in the world. The top twenty of the largest arms importer includes India (the first place with$28.777 billion), Saudi Arabia, the United Arab Emirates, Australia, the United States, South Korea, the United Kingdom, Taiwan, Turkey, Egypt, Iraq, Venezuela, Algeria, Singapore, Pakistan, Morocco, Indonesia, Azerbaijan, Canada and Vietnam.