“Russia had a record year – the country’s arms export in 2014 was $10 billion, a 9-percent increase compared to 2013,” the IHS report said.
Largest buyers of Russian arms in 2014 were China ($2.3 billion), India ($1.7 billion), as well as Venezuela and Vietnam ($1 billion each).
In 2014, the global defense trade rose for the sixth straight year to a record $64.4 billion.
While Russia and Western countries are the main arms exporters, main arms buyers are in the Middle East and Asia. The top-five arms importers in 2014 were Saudi Arabia, India, China, the United Arab Emirates and Taiwan.