Global arms trade is a $3 trillion business and the US drives nearly 80% of it

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Global arms trade is a $3 trillion business and the US drives nearly 80% of it
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The U.S. exported four times more arms around the globe than the next nine countries combined.

The world spends nearly $3 trillion a year on arms, and the United States drives the bulk of the globe's weapons trade — about 79%, according to figures compiled by the U.S. State Department.

Crewmasters with Marine Aerial Refueler Transport Squadron 352, Marine Aircraft Group 11, 3rd Marine Aircraft Wing, prepare to refuel an F/A-18 Hornet over the W-291 training area in southern California, March 6, 2019.WASHINGTON — The world spends nearly $3 trillion a year on arms, and the United States drives the bulk of the globe's weapons trade — about 79%, according to figures compiled by the U.S. State Department.published in December 2019 is the latest U.S.

The report found that the United States accounted for 79% of the global arms trade, or an average of $143 billion annually. The European Union was responsible for about 10%, followed by Russia at 5% and China at less than 2%.

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