Arms exports in 2023 - Trends, Data & the Race to Rearm

Video Description

Since 2022, demand on the global arms market has spiked, and the race has been on to secure contracts & market share. Two weeks ago we looked at the collapse of Russia's position in the market. Today, we tell the rest of the story, looking at the winners and losers so far - and emerging trends. Patreon: https://www.patreon.com/PerunAU Caveats, Comments and Corrections: At one point I refer to CSIS estimates on defence spending - they are in fact from an IISS publication All normal caveats and disclaimers apply. I would like to note as always that this material has been created for entertainment purposes and is not intended to be a complete or comprehensive examination of the topic in question and should not be relied upon to inform financial or other similar decisions, judgements or evaluations. Please review the SIPRI methodology and consider viewing my previous video on Russian arms exports: https://youtu.be/Wdap15tWnfI Readings and Sources: Arms transfer data primarily sourced from the SIPRI Arms Transfer Database https://www.sipri.org/databases/armstransfers/sources-and-methods Cover image from: https://www.nationalreview.com/photos/poland-armed-forces-day-2023/ US FY 2023 Arms Transfers – US Department of State https://www.state.gov/fiscal-year-2023-u-s-arms-transfers-and-defense-trade/ US DSCA – Poland JASSM Purchase https://www.dsca.mil/press-media/major-arms-sales/poland-agm-158b-2-joint-air-surface-standoff-missile-extended-range Featured Rheinmetall statements and reports https://www.rheinmetall.com/en/media/news-watch/news/2024/02/2024-02-12-rheinmetall-builds-new-ammunition-factory-in-unterluess-ground-breaking-ceremony-with-chancellor-scholz https://www.rheinmetall.com/en/media/news-watch/news/2024/03/2024-03-14-rheinmetall-financial-figures-2023 Reporting on Swiss policy https://www.rferl.org/a/swiss-parliament-blocks-arms-exports-ukraine/32440097.html https://www.dw.com/en/ukraine-updates-swiss-envoy-defends-ban-on-ammo-exports/a-65416234 https://www.reuters.com/world/europe/swiss-government-rejects-german-request-re-export-swiss-ammunition-ukraine-2022-11-03/ Increase in NATO defence spending https://www.nato.int/cps/en/natohq/news_222664.htmIncrease in global defence spending https://www.theguardian.com/world/2024/feb/13/global-defence-spending-rises-9-per-cent-to-record-22tn-dollars Reporting on Indian S-400s https://www.nationalreview.com/photos/poland-armed-forces-day-2023/ https://economictimes.indiatimes.com/news/defence/russia-aims-to-deliver-two-s-400-air-defence-units-by-2024-end-as-payment-woes-ease-up/articleshow/103072429.cms?from=mdr https://timesofindia.indiatimes.com/india/putins-war-delays-delivery-of-second-s-400-squadron/articleshow/90867785.cms Reporting on refinery strikes https://www.bloomberg.com/news/articles/2024-03-13/russia-s-ryazan-refinery-is-on-fire-after-drone-attack-tass-says Stockpiling https://www.reuters.com/world/europe/germany-only-has-20000-high-explosive-artillery-shells-left-report-2023-06-19/ Reporting on contract losses https://www.airandspaceforces.com/northrop-grumman-1-56-billion-loss-b-21/ Featured image on Red Sea operations https://www.reuters.com/world/middle-east/yemens-houthis-say-they-targeted-bulk-carrier-number-us-war-destroyers-red-sea-2024-03-09/ US interest in RoK shipbuilders https://breakingdefense.com/2024/02/in-south-korea-del-toro-courts-major-shipbuilders-to-set-up-shop-in-us/ RoK Arms Deliveries https://www.japantimes.co.jp/news/2023/09/16/asia-pacific/politics/south-korea-ukraine-weapons-factory/ https://www.janes.com/defence-news/news-detail/indian-army-orders-100-additional-k9-howitzers https://www.navaltoday.com/2020/05/19/philippine-navys-first-2600-ton-frigate-delivered-sets-sail-for-the-philippines/ https://www.defensenews.com/global/europe/2024/02/09/poland-south-korea-wrangle-over-big-ticket-weapons-financing/ https://breakingdefense.com/2023/03/can-germanys-big-cats-resist-south-koreas-black-panther-invasion/ https://www.defensenews.com/air/2024/02/02/south-korea-to-start-mass-production-of-kf-21-fighter-jets/ Delivery of Italian built FREMM https://www.navalnews.com/naval-news/2020/12/first-italian-built-fremm-delivered-to-egypt-reaches-alexandria/ JF-17 https://www.airforce-technology.com/news/nigerian-air-force-inducts-three-jf-17-thunder-multirole-aircraft/ USN supplier bottlenecks (featuring mk48) https://www.defensenews.com/naval/2024/02/06/supplier-bottlenecks-threaten-us-navy-effort-to-grow-arms-stockpiles/ Turkish Exports https://www.defensenews.com/industry/2024/01/08/turkeys-defense-aerospace-exports-rose-by-25-last-year/ Timestamps 00:00:00 — Opening Words 00:01:00 — What Am I Talking About 00:01:38 — The Arms Trade Leaderboard 00:06:57 — The Market Shifts 00:07:58 — The USA 00:13:42 — Europe 00:20:28 — Other Rising Providers 00:33:46 — The Biggest Losers? 00:51:10 — The Forward Trajectory 01:01:56 — Brakes On Sales Volumes 01:04:56 — Channel Update