The World’s Fastest-Growing Arms Exporters

The World’s Fastest-Growing Arms Exporters
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Short answer
Per SIPRI’s March 2026 update, the major supplier with the largest percentage increase in arms-export volume between 2016-20 and 2021-25 is Norway (+349%), followed by Belgium (+270%), Italy (+157%) and Türkiye (+122%). Because Norway’s and Belgium’s growth is calculated from a very small base, Italy and Türkiye — which also carry meaningful absolute volume — are arguably the more representative fast-growers. At the other end, Russia’s exports fell 64% and Ukraine’s fell 66%.

Saying a country’s arms exports “grew fast” is not the same as saying it is a top exporter — it only means the rate of change between two periods was high. SIPRI’s Arms Transfers Database, updated on 9 March 2026, tracks the change in export volume of 66 supplier states between 2016-20 and 2021-25. This file ranks the 25 largest suppliers by that rate of change — a different axis from the “biggest exporters” ranking (absolute market share) covered in a separate file in this series.

Methodology: what does “fast growth” measure?

SIPRI measures the volume of arms transfers not in dollars but in its own trend-indicator value (TIV), a standardised unit representing a weapon system’s military capability rather than its production cost. Because annual figures fluctuate, SIPRI presents data in five-year periods. The “percentage change” figures in this file describe the change in a country’s total TIV volume between 2016-20 and 2021-25 — not dollar revenue, contract size, or unit programme cost.

Data typeWhat it measuresWhere it’s used here
TIV percentage changeVolume increase/decrease between two 5-year periodsMain table, second and third axis
Global market share (%)A country’s share of total exportsShare columns in every table
Import growth (TIV)Change in a recipient country’s import volumeDemand-side data in the “Why” section
Note: SIPRI’s TIV represents a weapon system’s military value, not its sale price — so identical TIV growth in two countries can correspond to very different dollar amounts.
What we didn’t do in this file
We excluded countries whose 2016-20 share was recorded as under 0.05%, such as Poland (+4,387%) and Denmark (+739%), from the main ranking: a percentage increase calculated from a near-zero base is not a meaningful comparison. For the same reason we excluded Iran (0.1%→0.3%, +395%); in addition, all of Iran’s 2021-25 exports went to a single buyer, Russia (73%), and the Houthi armed group (9.1%), so we are not presenting this as an export success story. We did not count pending orders or letters of intent as growth — only SIPRI’s delivered-TIV data. We did not produce dollar-revenue estimates.

The 10 Fastest-Growing Arms Exporters (2016-20 → 2021-25)

The 10 fastest-growing suppliers
Percentage change in total export volume (TIV), 2016-20 to 2021-25
Norway349,0Belgium270,0Italy157,0Türkiye122,0Canada82,0Czechia62,0Sweden58,0Israel56,0United States27,0South Korea24,0TIV %
RankCountry2016-20 share2021-25 shareChange
1Norway0,2%1,0%+349,0%
2Belgium0,1%0,3%+270,0%
3Italy2,2%5,1%+157,0%
4Türkiye0,9%1,8%+122,0%
5Canada0,4%0,7%+82,0%
6Czechia0,3%0,4%+62,0%
7Sweden0,6%0,9%+58,0%
8Israel3,1%4,4%+56,0%
9United States36,0%42,0%+27,0%
10South Korea2,6%3,0%+24,0%
Source: SIPRI Arms Transfers Database, March 2026. Ranking covers the 25 largest suppliers with a 2016-20 share of at least 0.1% (Iran excluded, see box above).
Bayraktar TB2 unmanned aerial vehicle on the runway
Bayraktar TB2: exported to 36 countries per Baykar, and one of the most visible product lines behind Türkiye’s 122% export growth.

Winners and Losers Among the 10 Largest Suppliers

The list above highlights small-to-mid-sized suppliers. But the more striking picture emerges among the world’s own top 10 arms exporters: while US, French, German and Chinese exports grew, Italy and Israel grew far faster — and Russia was the only one of the ten whose exports fell.

Growth or decline among the 10 largest suppliers
Percentage change 2016-20 to 2021-25, ordered by 2021-25 global market share
United States+27,0France+21,0Russia-64,0Germany+15,0China+11,0Italy+157,0Israel+56,0United Kingdom+13,0South Korea+24,0Spain+6,7TIV %
Country2021-25 share2016-20 shareChange
United States42,0%36,0%+27,0%
France9,8%8,8%+21,0%
Russia6,8%21,0%-64,0%
Germany5,7%5,4%+15,0%
China5,6%5,5%+11,0%
Italy5,1%2,2%+157,0%
Israel4,4%3,1%+56,0%
United Kingdom3,4%3,3%+13,0%
South Korea3,0%2,6%+24,0%
Spain2,3%2,4%+6,7%
Source: SIPRI Arms Transfers Database, March 2026 (Table 1 and Figure 3).
NASAMS air defence launcher
A NASAMS-type air defence launcher. Rising Gulf imports (Kuwait +805%, Qatar +106%) are feeding growth at suppliers such as Italy and Norway.

The Fastest-Declining Exporters

Growth has a mirror image: when one country’s market share rises, part of that gain can come from another country’s loss. Seven of SIPRI’s 25 largest suppliers saw exports decline, led by Russia, whose exports mostly went to India, China and Belarus. Russia’s fall was driven largely by a sharp drop in deliveries to Algeria, China and Egypt.

The fastest-declining exporters among the 25 largest suppliers
Percentage change 2016-20 to 2021-25 (negative)
Ukraine-66,0Russia-64,0Switzerland-51,0Australia-44,0Netherlands-34,0Brazil-9,3South Africa-7,2TIV %
Country2016-20 share2021-25 shareChange
Ukraine1,0%0,3%-66,0%
Russia21,0%6,8%-64,0%
Switzerland0,7%0,3%-51,0%
Australia0,6%0,3%-44,0%
Netherlands2,1%1,2%-34,0%
Brazil0,3%0,3%-9,3%
South Africa0,4%0,4%-7,2%
Source: SIPRI Arms Transfers Database, March 2026 (Table 1). Ukraine appears here as a supplier; the country itself was the world’s largest arms importer in the same period.

Why Did These Countries Grow So Fast?

Europe’s rearmament

Combined arms imports by the 29 current European NATO states rose 143% between 2016-20 and 2021-25, with 58% coming from the USA. The remaining demand spread to suppliers such as South Korea (8.6%), Israel (7.7%) and France (7.4%). Poland’s 852% import surge is the main reason South Korea appears in this list.

The Gulf’s arms build-up

Qatar’s imports rose 106%, Kuwait’s 805%. Italy sends 26% of its exports to Qatar and 17% to Kuwait — a large share of Italy’s 157% growth is fed by this demand. Norway’s main buyers, by contrast, are the USA (33%), Ukraine (22%) and Romania (16%), tying its growth more closely to Europe’s response to the Russian threat.

Russia’s lost market share

Russia’s exports fell 64%, driven mainly by steep declines in deliveries to Algeria, China and Egypt. Some of that demand shifted to other suppliers, including Czechia and Sweden.

Demand for air defence and UAVs

Per SIPRI, Israel’s 56% growth rests on production of air defence systems facing high global demand. Türkiye’s 122% growth largely tracks the expansion of its UAV exports (see this series’ file on exported military UAVs).

Türkiye: 4th-Fastest Among the 25 Largest Suppliers

Per SIPRI, Türkiye’s share of global arms exports rose from 0.9% in 2016-20 to 1.8% in 2021-25 — a 122% increase. That makes Türkiye (once Iran is excluded) the 4th-fastest-growing country among the 25 largest suppliers, just behind Italy (157%) and ahead of Canada (82%). Türkiye’s main 2021-25 buyers were Pakistan (16%), the UAE (12%) and Ukraine (8.4%); in sub-Saharan Africa it was also the third-largest supplier with an 11% share.

Bayraktar AKINCI combat/reconnaissance UAV
Bayraktar AKINCI: another sign that Türkiye’s UAV export base extends well beyond the TB2.
Reading note
This 122% figure is based on SIPRI’s TIV volume measure and does not map directly onto dollar export revenue. Fast growth also does not mean a high absolute rank: Türkiye’s global share is still 1.8%, placing it 11th worldwide in this series’ file on the biggest arms-exporting countries.

Per Baykar, the Bayraktar TB2 alone has been exported to 36 countries — evidence that Türkiye’s growth spans a broad export base, from UAVs to armoured vehicles, rather than a single product line.

Frequently Asked Questions

Which country grew its arms exports the fastest?
Per SIPRI’s March 2026 data, the largest percentage increase was Norway’s (+349%), though this is calculated from a small base. Among suppliers with meaningful absolute volume, Italy grew fastest (+157%).
Where does Türkiye rank?
Türkiye is 4th among the 25 largest suppliers (Iran excluded) with 122% growth.
Where does this data come from?
SIPRI’s Arms Transfers Database, updated 9 March 2026, and the accompanying “Trends in International Arms Transfers, 2025” fact sheet.
Why do some countries show percentage increases in the thousands?
Countries like Poland (+4,387%) and Denmark (+739%) had a 2016-20 share recorded as under 0.05%; percentages calculated from a near-zero base can be statistically misleading, so we excluded them from the main ranking.
Is the fastest-growing exporter the same as the biggest exporter?
No. The biggest-exporters ranking looks at absolute market share (the USA leads with 42%); this file ranks percentage change between two periods. See this series’ file on the world’s biggest arms-exporting countries for the absolute ranking.
Why did Russia’s share fall so much?
Russia’s exports fell 64% between 2016-20 and 2021-25, driven mainly by steep declines in deliveries to Algeria, China and Egypt.

Sources

  • SIPRI, “Trends in International Arms Transfers, 2025”, SIPRI Fact Sheet, March 2026 — sipri.org
  • SIPRI Arms Transfers Database, updated 9 March 2026
Methodology note
Every ranking in this file is based on the “percentage change from 2016-20 to 2021-25” column of SIPRI’s table of the 25 largest suppliers. No unverifiable or estimated figures were produced; undisclosed values or those based on a very small base are flagged separately.

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