Military equipment imports to East Asia increased from $10.4 billion in 2015 to $12.8 billion in 2016. However, this is not indicative of further decline in the short term, as Russia has a strong backlog out to 2020. Russia, the region’s leading exporter and the world’s second largest exporter, saw a slight decline in 2016 to $6.3 billion. “Military imports for European states West of Russia totalled $900 million in 2016, and the delivery backlog for these states currently stands at $4.6 billion for the next five years, confirming our earlier forecasts,” Moores said. Germany, France and Sweden all enjoyed sizeable increases in export levels over the past year, primarily in military aerospace markets. Western European exports fell from $16.3 billion in 2009 to $14.9 billion in 2013, but increased notably to hit $17.8 billion in 2016. “While we don’t foresee a return to pre-2008 import commitments, Western Europe finally saw a return to growth in defence spending in 2015 which will translate into sustained deliveries in the next couple of years,” Moores said. This slight climb takes Western European imports back to 2010 levels but still some way off 2009’s $12 billion peak. Military imports throughout Western Europe rose from $7.9 billion in 2013 to $8.9 billion in 2016. Western Europe falls short of 2009 outlay Although the US’s 10-year backlog remains strong, political uncertainty in countries such as Saudi, UAE and Qatar means there is a possibility that some of these projects may be cancelled. The US remained the highest exporter in 2016, increasing its relative market share at the expense of Russia to supply $23.3 billion worth of goods and equipment in 2016, compared with $21.5 billion in 2014. Its primary export strength is in its aerospace products set to continue with strong orders in place for its F-35 program.įor the third year in a row, Saudi Arabia was the primary recipient of American military equipment in 2016. “As the Middle East has assets against which it can borrow until oil prices recover, we expect to see sustained growth in defence spending for the next few years.”īased on the existing order backlog, Jane’s forecasts that this region will continue to import an annual average of $22 billion in equipment over the next four years, before dropping off sharply after 2020. “Saudi Arabia’s 2016 imports grew from $4.9 billion to $8.3 billion – an increase that is three times more than the entire Sub-Saharan African market,” Moores said. This figure is up from $9.9 billion in 2014, and represents more than all of Western Europe’s imports combined. The largest Middle Eastern defence importers – Saudi Arabia, United Arab Emirates, Algeria and Iraq – remained among the top importers in the world for 2016, importing a total of $15.2 billion in defence systems. National Capital Region's Top Employers.

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