A new report from the Congressional Research ServiceÂ says the U.S. continued to lead the world in global conventional armaments trade duringÂ 2015 asÂ overall weapons ordersÂ decreased to $79.8 billion in 2015 from $89 billion in 2014.
The report titled “Conventional Arms Transfers to Developing Nations, 2008-2015” also revealed that the U.S. government’sÂ global weapons agreements values increased to $40.2 billion in 2015 from $36.1 billion in 2014, the Federation of American Scientists said Dec. 21.
U.S. ranked first in worldwide arms transfer agreements in 2015 with $40.2 billion, or 50.3 percent, while France ranked secondÂ with $15.3 billion or 19.16 percent, according to the report.
Global weapons transfer agreements with developing nations constituted 80.9 percent of such agreements from 2012 through 2015 — an increase fromÂ 80.4 percent during 2008 through 2011.
In 2015, the value of arms trade agreements with developing countries reachedÂ $65.2 billion while arms deliveries were at $33.6 billion.
U.S. and Russia ranked eitherÂ first or second in arms transfer agreements with developing nations from 2012-2015 with the former obtaining approximately 33.4 percent or $86 billion of such agreements and the latter makingÂ $48.6 billion or 18.9 percent.
U.S. ranked first in arms deliveries to developing nations in 2015 atÂ 35.4 percent orÂ $11.9 billion, whileÂ Russia and France tied for the second spot atÂ $6.2 billion or 18.5 percent each.
Qatar ended 2015 as theÂ top weapons purchaser among developing nations at $17.5 billion in total arms transfer agreement values asÂ Egypt ranked second at $11.9 billion and Saudi Arabia placed third with $8.6 billion.