For the second year in a row, Spain has shattered its own record for weapons exports. The country sold military equipment worth €4.3 billion last year, a 7.3% rise from 2016.
The rise is part of a global increase in weapons transfers that began in the early 2000s, according to a report by the Stockholm International Peace Research Institute. According to this analysis, Spain was the seventh-largest exporter of weapons last year.
Outside the European Union, which accounts for 72.6% of Spain’s weapons exports, the country’s biggest client was Saudi Arabia with €270.2 million in sales, a 133% rise from 2016.
Spain beats its own record with €4.3 billion in weapons exports