The war in Ukraine has helped grow the U.S.'s dominance of the arms industry, with exports between 2020 and 2024 jumping by more than a fifth compared with the 2015-19 period.
Data from the Stockholm International Peace Research Institute (SIPRI) shows U.S. companies increased 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.
Ukraine alone accounted for 8.8% of global arms imports from 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.
