International arms trade

The US and Russia Are the Biggest Beneficiaries of the Global Arms Boom

One of the features of the 21st century, particularly since the 2008 financial crisis, has been the increasing number of rankings in which the United States is no longer number one. Title of top arms exporter, however, is not one of them—at least not yet—with the US maintaining its number one spot almost every year since the Cold War ended.