Arms Transfers: U.S. and Russia’s Biggest Trading Partners
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Arms Transfers: U.S. and Russia’s Biggest Trading Partners

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This graphic highlights trade partners for U.S. and Russia arms transfers

Arms Transfers: U.S. and Russia’s Biggest Trading Partners

The increase in conflicts worldwide, including in Ukraine and the Middle East, has shifted global focus back onto arms transfers between countries.

For decades, countries proficient in arms manufacturing have supplied weapons to other countries in demand of them. At the helm of these trades are the U.S. and Russia, which have accounted for 57% of all international arms trades in the last 10 years.

So who are the largest importers of arms from these two countries, and what is the military value of these trades?

With the help of data from the Stockholm International Peace Research Institute (SIPRI) arms transfer database, the above infographic by Ruben Berge Mathisen visualizes the top 50 biggest arms recipients by value for both the U.S. and Russia in the last decade.

The Military Valuation of Arms Transfers

The military valuation of arms is measured in terms of trend-indicator values (TIV). This valuation reflects the military capability of a particular item rather than its financial value.

Every weapon that falls under the conventional definition of major arms is allotted a TIV. The following are the most common weapons and components to be assigned a TIV.

  • Aircraft and armored vehicles
  • Artillery (>100mm in caliber)
  • Sensors and guided missiles, large air defense guns, torpedoes, and bombs
  • 100mm caliber artillery-armed ships (>100-tonne displacement)
  • Reconnaissance satellites and air refueling systems

Instead of focusing on budget, examining TIV makes it easier to measure trends in the flow of arms between particular countries and regions over time, essentially creating a military capability price index.

Biggest Recipients of U.S. Armaments

The United States is the largest exporter of arms globally, responsible for 35% of global exports over the last 10 years to about 130 nations.

Most recently, the biggest market for U.S. arms sales has been in the Middle East, with Saudi Arabia being the most prominent recipient of weapons. Over the last decade, the country has purchased 24% of total U.S. arms exports, with components worth over 18 billion TIVs.

Here is a look at the top 50 recipients of arms from the United States:

U.S. Arms Transfer RecipientContinentTIV (Millions)
🇸🇦 Saudi ArabiaAsia18,641
🇦🇺 AustraliaOceania8,668
🇰🇷 South KoreaAsia7,207
🇦🇪 UAEAsia7,190
🇯🇵 JapanAsia5,026
🇮🇳 IndiaAsia4,614
🇬🇧 United KingdomEurope4,332
🇶🇦 QatarAsia4,235
🇹🇼 TaiwanAsia3,789
🇹🇷 TurkeyAsia3,722
🇮🇶 IraqAsia3,532
🇮🇱 IsraelAsia3,460
🇸🇬 SingaporeAsia2,571
🇦🇫 AfghanistanAsia2,547
🇪🇬 EgyptAfrica2,334
🇮🇹 ItalyEurope2,281
🇲🇦 MoroccoAfrica2,281
🇳🇴 NorwayEurope2,196
🇳🇱 NetherlandsEurope2,060
🇰🇼 KuwaitAsia1,900
🇨🇦 CanadaAmericas1,806
🇵🇰 PakistanAsia1,070
🇮🇩 IndonesiaAsia982
🇲🇽 MexicoAmericas782
🇴🇲 OmanAsia779
🇯🇴 JordanAsia675
🇩🇰 DenmarkEurope548
🇧🇷 BrazilAmericas510
🇸🇪 SwedenEurope505
🇨🇴 ColombiaAmericas472
🇵🇭 PhilippinesAsia450
🇫🇷 FranceEurope438
🇫🇮 FinlandEurope389
🇬🇷 GreeceEurope359
🇱🇧 LebanonAsia350
🇹🇭 ThailandAsia342
🇵🇱 PolandEurope336
🇨🇱 ChileAmericas335
🇪🇸 SpainEurope292
🇷🇴 RomaniaEurope275
🇹🇳 TunisiaAfrica251
🇩🇪 GermanyEurope221
🇧🇭 BahrainAsia187
🇵🇹 PortugalEurope179
🇳🇬 NigeriaAfrica154
🇳🇿 New ZealandOceania150
🇧🇩 BangladeshAsia123
🇨🇭 SwitzerlandEurope117
🇻🇳 VietnamAsia108
🇦🇷 ArgentinaAmericas103

The U.S. remains the biggest global exporter of weapons globally, however, sales of military equipment to foreign countries dipped by 21% over the previous fiscal year, dropping from $175 billion in 2020 to $138 billion in 2021.

Biggest Recipients of Russian Armaments

Russia, the world’s second-largest arms dealer, was responsible for 22% of global arms exports between 2011 and 2021.

In terms of TIVs, India remains the biggest importer of Russian weapons by a wide margin. India’s dependency on Russian-made arms is driven by its fight to quell the military assertiveness of China on one side and its constant skirmishes along the Pakistani border on the other.

But despite the continued support of Russia and its President by the Indian Prime Minister, even in the wake of Russia’s war on Ukraine, some reports have shown that India has been looking elsewhere for arms in the last few years.

Let’s take a look at some of the other biggest importers of Russian arms around the world:

Russian Arms Transfer RecipientContinentTIV (Millions)
🇮🇳 IndiaAsia22,869
🇨🇳 ChinaAsia9,419
🇩🇿 AlgeriaAfrica7,235
🇻🇳 VietnamAsia5,554
🇪🇬 EgyptAfrica3,998
🇮🇶 IraqAsia2,015
🇦🇿 AzerbaijanAsia1,967
🇰🇿 KazakhstanAsia1,841
🇻🇪 VenezuelaAmericas1,743
🇸🇾 SyriaAsia1,729
🇧🇾 BelarusEurope1,190
🇲🇲 MyanmarAsia856
🇺🇬 UgandaAfrica611
🇦🇪 UAEAsia578
🇦🇴 AngolaAfrica501
🇮🇩 IndonesiaAsia490
🇮🇷 IranAsia476
🇧🇩 BangladeshAsia454
🇦🇫 AfghanistanAsia441
🇵🇰 PakistanAsia437
🇦🇲 ArmeniaAsia373
🇹🇷 TurkeyAsia344
🇹🇲 TurkmenistanAsia307
🇷🇸 SerbiaEurope296
🇳🇬 NigeriaAfrica249
🇸🇩 SudanAfrica244
🇵🇪 PeruAmericas221
🇯🇴 JordanAsia204
🇲🇳 MongoliaAsia171
🇺🇿 UzbekistanAsia156
🇳🇮 NicaraguaAmericas121
🇱🇦 LaosAsia118
🇰🇼 KuwaitAsia113
🇧🇷 BrazilAmericas98
🇸🇸 South SudanAfrica82
🇲🇱 MaliAfrica73
🇪🇹 EthiopiaAfrica69
🇹🇭 ThailandAsia68
🇿🇦South AfricaAfrica50
🇨🇲 CameroonAfrica45
🇰🇬 KyrgyzstanAsia41
🇷🇼 RwandaAfrica41
🇶🇦 QatarAsia40
🇱🇾 LibyaAfrica36
🇧🇭 BahrainAsia31
🇹🇯 TajikistanAsia30
🇨🇾 CyprusAsia28
🇨🇬 Republic of the CongoAfrica27
🇬🇭 GhanaAfrica27
🇺🇦 Ukraine RebelsEurope24

One relationship of significance is Russia’s provided weapons to Pro-Russia Ukrainian Rebels. Since 2014, Russia has offered arms and training to these rebels in their fight. These have included weapons of all sorts, from pistols and mines to tanks and missile launchers.

Effect of the War on Ukraine on Arms Trades

According to the latest data from SIPRI, the international arms trade fell by 4.6% in the last five-year period. Despite this, Europe has become a new hotspot for arms imports, seeing a 19% increase in arms transfers over the same time period.

Countries like the U.K., Netherlands, and Norway were the largest importers, and other countries might follow suit.

Experts claim that this upsurge is attributed to the crumbling relationship between Russia and Europe. Alarmed by Russia’s invasion of Ukraine, European countries have been reevaluating their defense budgets—as exemplified by Germany’s recent €100 billion commitment to boost its military strength.

In the coming years, the U.S. and Russia’s biggest arms transfer partners are likely to shift. But which way will arms transfers trend?

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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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Energy

What is the Cost of Europe’s Energy Crisis?

As European gas prices soar, countries are introducing policies to try and curb the energy crisis.

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What is the Cost of Europe’s Energy Crisis?

This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.

Europe is scrambling to cut its reliance on Russian fossil fuels.

As European gas prices soar eight times their 10-year average, countries are introducing policies to curb the impact of rising prices on households and businesses. These include everything from the cost of living subsidies to wholesale price regulation. Overall, funding for such initiatives has reached $276 billion as of August.

With the continent thrown into uncertainty, the above chart shows allocated funding by country in response to the energy crisis.

The Energy Crisis, In Numbers

Using data from Bruegel, the below table reflects spending on national policies, regulation, and subsidies in response to the energy crisis for select European countries between September 2021 and July 2022. All figures in U.S. dollars.

CountryAllocated Funding Percentage of GDPHousehold Energy Spending,
Average Percentage
🇩🇪 Germany$60.2B1.7%9.9%
🇮🇹 Italy$49.5B2.8%10.3%
🇫🇷 France$44.7B1.8%8.5%
🇬🇧 U.K.$37.9B1.4%11.3%
🇪🇸 Spain$27.3B2.3%8.9%
🇦🇹 Austria$9.1B2.3%8.9%
🇵🇱 Poland$7.6B1.3%12.9%
🇬🇷 Greece$6.8B3.7%9.9%
🇳🇱 Netherlands$6.2B0.7%8.6%
🇨🇿 Czech Republic$5.9B2.5%16.1%
🇧🇪 Belgium$4.1B0.8%8.2%
🇷🇴 Romania$3.8B1.6%12.5%
🇱🇹 Lithuania$2.0B3.6%10.0%
🇸🇪 Sweden$1.9B0.4%9.2%
🇫🇮 Finland$1.2B0.5%6.1%
🇸🇰 Slovakia$1.0B1.0%14.0%
🇮🇪 Ireland$1.0B0.2%9.2%
🇧🇬 Bulgaria$0.8B1.2%11.2%
🇱🇺 Luxembourg$0.8B1.1%n/a
🇭🇷 Croatia$0.6B1.1%14.3%
🇱🇻 Lativia$0.5B1.4%11.6%
🇩🇰 Denmark$0.5B0.1%8.2%
🇸🇮 Slovenia$0.3B0.5%10.4%
🇲🇹 Malta$0.2B1.4%n/a
🇪🇪 Estonia$0.2B0.8%10.9%
🇨🇾 Cyprus$0.1B0.7%n/a

Source: Bruegel, IMF. Euro and pound sterling exchange rates to U.S. dollar as of August 25, 2022.

Germany is spending over $60 billion to combat rising energy prices. Key measures include a $300 one-off energy allowance for workers, in addition to $147 million in funding for low-income families. Still, energy costs are forecasted to increase by an additional $500 this year for households.

In Italy, workers and pensioners will receive a $200 cost of living bonus. Additional measures, such as tax credits for industries with high energy usage were introduced, including a $800 million fund for the automotive sector.

With energy bills predicted to increase three-fold over the winter, households in the U.K. will receive a $477 subsidy in the winter to help cover electricity costs.

Meanwhile, many Eastern European countries—whose households spend a higher percentage of their income on energy costs— are spending more on the energy crisis as a percentage of GDP. Greece is spending the highest, at 3.7% of GDP.

Utility Bailouts

Energy crisis spending is also extending to massive utility bailouts.

Uniper, a German utility firm, received $15 billion in support, with the government acquiring a 30% stake in the company. It is one of the largest bailouts in the country’s history. Since the initial bailout, Uniper has requested an additional $4 billion in funding.

Not only that, Wien Energie, Austria’s largest energy company, received a €2 billion line of credit as electricity prices have skyrocketed.

Deepening Crisis

Is this the tip of the iceberg? To offset the impact of high gas prices, European ministers are discussing even more tools throughout September in response to a threatening energy crisis.

To reign in the impact of high gas prices on the price of power, European leaders are considering a price ceiling on Russian gas imports and temporary price caps on gas used for generating electricity, among others.

Price caps on renewables and nuclear were also suggested.

Given the depth of the situation, the chief executive of Shell said that the energy crisis in Europe would extend beyond this winter, if not for several years.

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Politics

Mapped: Which Countries Still Have a Monarchy?

Beyond the 15 nations under the British monarchy, 28 other countries still have a ruling monarch. Here’s a look at the world’s monarchies.

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monarchies

Mapped: Which Countries Still Have a Monarchy?

In the wake of Queen Elizabeth II’s death, the question of monarchy is brought sharply into focus.

However, a surprising number of countries have ruling monarchs, and in this visual we break down the kinds of royal leadership across the 43 countries that still have them.

Types of Monarchies

A monarch in the simplest sense is a country’s king, queen, emir, or sultan, and so on. But before diving in, it’s important to break down the distinctions between the types of monarchies that exist today. Generally, there are four kinds:

① Constitutional Monarchy

The monarch divides power with a constitutionally founded government. In this situation, the monarch, while having ceremonial duties and certain responsibilities, does not have any political power. For example, the UK’s monarch must sign all laws to make them official, but has no power to change or reject new laws.

Here are some examples of countries with constitutional monarchies:

🇯🇵  Japan
🇬🇧  United Kingdom
🇩🇰  Denmark

② Absolute Monarchy

The monarch has full and absolute political power. They can amend, reject, or create laws, represent the country’s interests abroad, appoint political leaders, and so on.

Here are some examples of countries with absolute monarchies:

🇸🇿  Eswatini
🇸🇦  Saudi Arabia
🇻🇦  Vatican City

③ Federal Monarchy

The monarch serves an overall figurehead of the federation of states which have their own governments, or even monarchies, ruling them.

Here are some examples of countries with federal monarchies:

🇦🇪  UAE
🇲🇾  Malaysia

Malaysia is a unique form of federal monarchy. Every five years, each state’s royal leaders choose amongst themselves who will be the monarch, or the Yang di-Pertuan Agong, of Malaysia and the respective states. Furthermore, the monarchy is also constitutional, allowing a democratically elected body to govern.

④ Mixed Monarchy

This is a situation wherein an absolute monarch may divide powers in distinct ways specific to the country.

Here are some examples of countries with mixed monarchies:

🇯🇴  Jordan
🇱🇮  Liechtenstein
🇲🇦  Morocco

Interestingly, Liechtenstein is the only European monarchy that still practises strict agnatic primogeniture. Under agnatic primogeniture, the degree of kinship is determined by tracing descent from the nearest common ancestor through male ancestors.

Kings, Queens, Emperors, and Sultans Around the Globe

Now let’s break down the different monarchies country by country:

CountryType of MonarchyTitle of Head of StateMonarchTitle of Head of Government
🇦🇩 AndorraConstitutionalCo-PrincesJoan-Enric Vives, Emmanuel MacronPrime Minister
🇦🇬 Antigua and BarbudaConstitutionalKingCharles IIIPrime Minister
🇦🇺 AustraliaConstitutionalKingCharles IIIPrime Minister
🇧🇭 BahrainMixedKingHamad bin Isa Al KhalifaPrime Minister
🇧🇪 BelgiumConstitutionalKing PhilippePrime Minister
🇧🇿 BelizeConstitutionalKingCharles IIIPrime Minister
🇧🇹 BhutanConstitutionalKingJigme Khesar Namgyel WangchuckPrime Minister
🇧🇳 Brunei DarussalamAbsoluteSultanHassanal BolkiahSultan
🇰🇭 CambodiaConstitutionalKingNorodom SihamoniPrime Minister
🇨🇦 CanadaConstitutionalKingCharles IIIPrime Minister
🇩🇰 DenmarkConstitutionalQueenMargrethe IIPrime Minister
🇸🇿 EswatiniAbsoluteKingMswati IIIPrime Minister
🇬🇩 GrenadaConstitutionalKingCharles IIIPrime Minister
🇯🇲 JamaicaConstitutionalKingCharles IIIPrime Minister
🇯🇵 JapanConstitutionalEmperorNaruhitoPrime Minister
🇯🇴 JordanMixedKingAbdullah IIPrime Minister
🇰🇼 KuwaitMixedEmirNawaf Al-Ahmad Al-Jaber Al-SabahPrime Minister
🇱🇸 LesothoConstitutionalKingLetsie IIIPrime Minister
🇱🇮 Liechtenstein MixedSovereign PrinceHans-Adam IIPrime Minister
🇱🇺 LuxembourgConstitutionalGrand DukeHenriPrime Minister
🇲🇾 MalaysiaConstitutional & FederalYang di-Pertuan AgongAbdullahPrime Minister
🇲🇨 MonacoMixedSovereign PrinceAlbert IIMinister of State
🇲🇦 MoroccoMixedKingMohammed VIPrime Minister
🇳🇱 NetherlandsConstitutionalKingWillem-AlexanderPrime Minister
🇳🇿 New ZealandConstitutionalKingCharles IIIPrime Minister
🇳🇴 NorwayConstitutionalKingHarald VPrime Minister
🇴🇲 OmanAbsoluteSultanHaitham bin TarikSultan
🇵🇬 Papua New GuineaConstitutionalKingCharles IIIPrime Minister
🇶🇦 QatarMixedEmirTamim bin Hamad Al ThaniPrime Minister
🇰🇳 Saint Kitts and NevisConstitutionalKingCharles IIIPrime Minister
🇱🇨 Saint LuciaConstitutionalKingCharles IIIPrime Minister
🇻🇨 Saint Vincent and the GrenadinesConstitutionalKingCharles IIIPrime Minister
🇸🇦 Saudi ArabiaAbsoluteKingSalmanPrime Minister
🇸🇧 Solomon IslandsConstitutionalKingCharles IIIPrime Minister
🇪🇸 SpainConstitutionalKingFelipe VIPresident of the Government
🇸🇪 SwedenConstitutionalKingCarl XVI GustafPrime Minister
🇹🇭 ThailandConstitutionalKingRama XPrime Minister
🇧🇸 The BahamasConstitutionalKingCharles IIIPrime Minister
🇹🇴 TongaConstitutionalKingTupou VIPrime Minister
🇹🇻 TuvaluConstitutionalKingCharles IIIPrime Minister
🇦🇪 UAEFederalPresidentMohamed bin Zayed Al NahyanPrime Minister
🇬🇧 UKConstitutionalKingCharles IIIPrime Minister
🇻🇦 Vatican CityAbsolutePopeFrancisPresident of the Pontifical Commission

Constitutional monarchies are undoubtedly the most popular form of royal leadership in the modern era⁠, making up close to 70% of all monarchies. This situation allows for democratically elected governments to rule the country, while the monarch performs ceremonial duties.

Most monarchs are hereditary, inheriting their position by luck of their birth, but interestingly, French president, Emmanuel Macron, technically serves as a Co-Prince of Andorra.

Another unique case is the Vatican’s Pope Francis, who has absolute power in the small independent city⁠—he gained his role thanks to an election process known as a papal conclave.

The Role of Monarchies

One of the most notable and famous ruling monarchies is the United Kingdom’s House of Windsor⁠—also known as Queen Elizabeth II’s family. King Charles III has now ascended to the country’s throne, making him head of state in 15 nations total, including Canada, Australia, and New Zealand.

Many see the benefit in having a stable and consistent form of tradition and decorum at the country’s head of state.

“The Crown is an integral part of the institution of Parliament. The Queen [now King] plays a constitutional role in opening and dissolving Parliament and approving Bills before they become law.” – British Parliament

Japan’s royal family has been a prime example of stability, having reigned in the country for more than 2,600 years under the same hereditary line.

Critiques and the Future of Monarchy

Some claim, however, that there is no function of monarchy in the modern day, and complaints of monarchies’ immense wealth and power are rampant.

For example, according to the Dutch government, King Willem-Alexander’s budget for 2022, funded by the state and thus, taxpayers, comes out to more than €48 million.

Beyond tax dollars, with absolute monarchies there is typically a lack of political freedoms and certain rights. Saudi Arabia, for example, has no national elections. Rather its king, Salman bin Abdulaziz Al Saud, stays in power for life, appoints the cabinet himself, and passes laws by royal decree.

The death of Queen Elizabeth, though, may bring about change though for many of the world’s royally-governed. Since Barbados’ removal of her as head of state in 2021, six other Caribbean nations have expressed the desire to do the same, namely:

🇧🇿  Belize
🇧🇸  The Bahamas
🇯🇲  Jamaica
🇬🇩  Grenada
🇦🇬  Antigua and Barbuda
🇰🇳  St. Kitts and Nevis

The future of monarchy in the 21st century is certainly not a guarantee.

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