Weapons Sales in South Korea increased to 1083 USD Million in 2018 from 751 USD Million in 2017. Weapons Sales in South Korea averaged 172.56 USD Million from 1972 until 2018, reaching an all time high of 1083 USD Million in 2018 and a record low of 7 USD Million in 1994. source: SIPRI
Weapons Sales in South Korea is expected to be 550.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Weapons Sales is projected to trend around 560.00 USD Million in 2020, according to our econometric models.
South Korea Weapons Sales
Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.