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European arms imports soared in past four years, SIPRI think tank says
Published by Global Banking and Finance Review
Posted on March 9, 2025
3 min readLast updated: January 25, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on March 9, 2025
3 min readLast updated: January 25, 2026
European arms imports rose 155% from 2020-24, with Ukraine leading as the top importer. US exports dominated the market, while Russia's share declined.
By Simon Johnson
STOCKHOLM (Reuters) - European arms imports rose 155% in 2020-24 and Ukraine has become the world's biggest arms importer following Russia's 2022 invasion, according to a report released by a leading conflict think tank on Monday.
Data from the Stockholm International Peace Research Institute (SIPRI) showed the United States continued to dominate the global stage, with U.S. companies increasing their share of global arms exports to 43% in 2020-24, from 35% in the 2015-2019 period. U.S. arms exports amounted to about the same share of the global market as the next eight countries combined.
Europe as a whole accounted for 28% of global arms imports from 2020-24, up from 11% between 2015 and 2019, SIPRI said.
Ukraine alone accounted for 8.8% of global arms imports form 2020-24, and just under half of those imports were from the U.S., which under President Donald Trump has paused military aid to Kyiv.
Russia's invasion of Ukraine has led to the biggest confrontation between the West and Russia since the 1962 Cuban Missile Crisis, and the Kremlin and the White House have said missteps could trigger World War Three.
The war has underlined Europe's dependence on U.S. arms although the trans-Atlantic alliance, the foundation of Europe's security strategy since World War Two, is increasingly being questioned.
The U.S. supplied more than 50% of Europe's arms imports from 2020-24, with Britain, the Netherlands and Norway among the top buyers, the SIPRI data showed.
European leaders last Thursday backed plans to spend more on defence following Trump's reversal of U.S. policies.
"With an increasingly belligerent Russia and transatlantic relations under stress during the first Trump presidency, European NATO states have taken steps to reduce their dependence on arms imports and to strengthen the European arms industry," said Pieter Wezeman, Senior Researcher with the SIPRI Arms Transfers Programme.
"But the transatlantic arms-supply relationship has deep roots. Imports from the USA have risen and European NATO states have almost 500 combat aircraft and many other weapons still on order from the USA."
Russian arms exports dropped to 7.8% of the global market in the 2020-24 period, compared to 21% in the previous four-year period, as a result of international sanctions over the war in Ukraine and increased domestic demand for weapons.
Asia and Oceania's arms imports dropped 21%, mainly because of China producing more of its own weapons.
Overall, global arms transfers were roughly at the same level in the 2020-2024 period as in the previous four years, the SIPRI data showed.
(Reporting by Simon Johnson, Editing by Timothy Heritage)
European arms imports rose 155% from 2020-24, according to SIPRI.
Ukraine has become the world's biggest arms importer following Russia's 2022 invasion.
The U.S. supplied more than 50% of Europe's arms imports from 2020-24.
Russian arms exports dropped to 7.8% of the global market in the 2020-24 period, down from 21% previously.
European leaders backed plans to spend more on defense following changes in U.S. policies.
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