Resim 1
Resim 2
Resim 3

China’s defense exports remain strong despite weak 2020

According to data gathered by Janes, a global open-source intelligence company, China's defence exports declined mildly in 2020, interrupting a period of solid growth since 2016.

According to the data, China's international military sales in 2020 were equal to USD2.65 billion, a 4% decline on the figure in 2019.

The decrease can almost certainly be attributed to the Covid-19 pandemic and resulting challenges related to marketing, production, supply chains, and logistics.

The value of China's defence exports between 2016 and 2019 increased on average by 11% per year, growing from USD2.34 billion to USD2.76 billion.

Looking further back, larger increases were evident. According to Janes data, China's exports in 2012 were valued at USD1.35 billion and then grew by 80% to USD2.43 billion in 2014 before two years of declines and a subsequent resumption of growth.

Janes data suggests China's exports will tail off in the early 2020s without new orders.

In terms of capability segments, the data suggests that the most valuable capability segments for China in the past five years have been naval ships (with a combined value of USD4.45 billion), military ground vehicles (USD3 billion), radars (USD1.50 billion), and missiles (USD950 million).

Naval ships and radars have been the quickest-growing segments, with expansion in both recorded in the past five years at about 140%. The value of unmanned aerial vehicles and sonars has more than doubled since 2016, although from a low base.

WPML eklentisi aktif değil veya çeviriler mevcut değil.

MOST READ NEWS

Last 24 Hours
Last 7 Days
Last 30 Days

Norway has pledged $7.9B in military aid to Ukraine for 2025

Ukrainian Defense Minister Rustem Umerov announced Friday that Norway...

AI-powered bots now dominate global web traffic

Automated bots accounted for 51% of all global internet...

South Korea, US stage joint air drills involving B-1B Bomber

South Korean and the US forces on Tuesday held...

Saab AGM confirms 2024 financials and board leadership

Saab's Annual General Meeting (AGM) took place on April...

China, Vietnam navies launch joint patrol in Gulf of Tonkin

The Chinese and Vietnamese navies have launched a joint...

AI-powered bots now dominate global web traffic

Automated bots accounted for 51% of all global internet...

China, Vietnam navies launch joint patrol in Gulf of Tonkin

The Chinese and Vietnamese navies have launched a joint...

​GA-ASI invests in Dutch tech firms from Blue Magic Netherlands

​General Atomics Aeronautical Systems, Inc. (GA-ASI) has announced investments...

Patria to participate in Arctic Security 2025 Summit

Patria is participating in the Arctic Security 2025 Summit,...

US approves possible sale of training helicopters to Philippines

The US State Department approved the possible sale of...

UK, Germany announce record military aid packages for Ukraine

At the 27th meeting of the Ukraine Defense Contact...

​MGCS Project Company GmbH established in Cologne

​KNDS Deutschland, KNDS France, Rheinmetall Landsysteme, and Thales established...

Norway has pledged $7.9B in military aid to Ukraine for 2025

Ukrainian Defense Minister Rustem Umerov announced Friday that Norway...

Thales delivers dual TWTs for Optus-11 satellite

Thales has delivered a complete set of dual Travelling...

Inside John Cockerill’s 3105 Turret and FNSS partnership (Exclusive)

Frank Jansens, General Manager of Weapon Systems at John...

News in Other Languages

[random_posts_selected_languages posts_per_page="20"]

SIMILAR NEWS