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UK becomes largest arms exporter
Military and Security    6/18/2008 2:00:00 PM
 
LONDON, June 18 (KUNA) -- Britain became the worlds largest arms exporter last year, according to UK Government figures released here, overtaking the US which normally occupies the top slot, it was revealed Wednesday.
The UK won 10 billion pounds of new defence orders in 2007 from overseas, giving it a 33 percent share of the world export market, according to figures released by the UK Defence and Security Organisation (DSO), set up to promote Britains defence exports, the Financial Times (FT) newspaper said.
Export orders totalled 5.5 billion pounds in 2006.
The 2007 figures were helped by a large order from Saudi Arabia for "Typhoon" aircraft, valued initially at 4.3 billion pounds.
They were further aided by orders from Oman and Trinidad and Tobago for offshore patrol vessels.
Orders from North America were also significant, the US imported more weapons from the UK than from any other country the DSO said.
UK Trade and Investment, the department of which the DSO is a part, could not immediately supply data for other countries in 2007 or detailed year-on-year comparisons, the FT added.
However, the figures reflect arms orders, which can cluster in particular years, and may or may not be completed, rather than arms deliveries, a more precise measure of exports, the main business daily in Europe said.
According to the Stockholm International Peace Research Institute, which collates data on arms deliveries, the UK was the sixth largest supplier of defence equipment in 2007, after the US, Russia, Germany, France and the Netherlands.
Over a five year period it was the fifth largest.
But according to the DSO figures, last years orders mean the UK has been the second largest exporter of arms over the previous five years, after the US.
Cumulative exports from the US were 63 billion dollars (32 billion pounds), the UK 53 billion dollars, Russia 33 billion dollars, France 17 billion dollars and Germany and Israel with nine billion dollars each Saudi Arabia was the latest importer over the period, 31 billion dollars, followed by India with 18 billion dollars and the US 17 billion dollars.
Three countries, Australia (11 billion dollars), Canada (10 billion dollars) and Pakistan (six billion dollars), moved up the import rankings, the DSO figures showed. (end) he.rk KUNA 181400 Jun 08NNNN
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