Weapons Sales in South Korea increased to 534 USD Million in 2016 from 165 USD Million in 2015. Weapons Sales in South Korea averaged 138.65 USD Million from 1972 until 2016, reaching an all time high of 534 USD Million in 2016 and a record low of 7 USD Million in 1994. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.
May 29, 2017 at 08:30PM
from SIPRI
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