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Asia-Pacific dominates global defence spending

14th March 2019 - 12:12 GMT | by Gordon Arthur in Hong Kong

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Asia-Pacific nations figure prominently on the recently released list of top defence importers from the Stockholm International Peace Research Institute (SIPRI). Indeed, the region is the largest importer in the world, accounting for 40% of global arms sales in the 2009-14 timeframe.

The Sweden-based organisation released its 2018 figures on 11 March, stating that India, Australia, China, South Korea and Vietnam were the five largest buyers in Asia-Pacific.

Other Asian countries within the top 25 in the world were, in order, Pakistan, Indonesia, Taiwan, Japan, Singapore and Bangladesh.

Interestingly, however, sales in Asia-Pacific dropped 6.7% compared to 2009-13. In fact,

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Gordon Arthur

Gordon Arthur was the Asia Pacific editor for Shephard Media. Born in Scotland and educated …

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Asia-Pacific dominates global defence spending

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Want to keep reading this article?

Author

Gordon Arthur

New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia

Ireland begins work on buying fighter jets and doubling the naval fleet

UK Chancellor commits £2 billion to make the country a “defence industrial superpower”

Launch of Gilat Defense targets DoD market

New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia

UK Chancellor commits £2 billion to make the country a “defence industrial superpower”

Launch of Gilat Defense targets DoD market

Collins MAPS Gen II to equip US DoD watercraft

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