With an acceleration in kinetic conflicts around the world, the years since 2022 have seen a rush of countries seeking to rearm. For a lot of those countries though, a key question has been who do you buy from? With Russia fading from its previously dominant arms export position, transatlantic tensions and the rise of new suppliers, 2025 was a year where the impacts of 2022 invasion started to show through. And today, courtesy of newly released data from SIPRI, we’re going to dig into it.

Source: Global Arms Exports – Trends, Winners & losers of the Race to Rearm in 2025