Russia is rapidly losing the arms market: exports have collapsed to a minimum

Russia continues to lose ground in the global arms market, as evidenced by a sharp drop in export volumes from 2021 to 2024. The leadership of the Russian defense sector is already recognizing the crisis, and international analysts are recording a decline in the Russian Federation’s share in global sales.

This was reported by the Foreign Intelligence Service of Ukraine.

The CEO of the Russian state concern Rostec, Sergei Chemezov, has publicly acknowledged the further collapse of Russian arms exports. Until 2022, Russia received about $14 billion in revenue from arms sales annually, but in 2024 these figures fell to minimal values.

Data from Jamestown Foundation analysts confirms the rapid decline in profits. In 2021, exports amounted to $12.5 billion, in 2022 – $8 billion, in 2023 – $3 billion, and in 2024 – only $1 billion.

According to estimates by the Stockholm International Peace Research Institute (SIPRI), Russia’s share of the global arms market has decreased from 21% to 7.8% in 2024. The geography of supplies has also narrowed: in 2018–2022, 47 countries purchased Russian weapons, and in 2024, 33 countries, most of which are in Asia and Oceania. The largest buyers of Russian products — India, China, and Kazakhstan — are also gradually reducing their purchases.

Despite Sergey Chemezov’s statements about the possibility of restoring export positions and an order portfolio that allegedly exceeds $60 billion, a significant part of these contracts has not been confirmed. Most of these agreements depend on countries with low solvency, and without Russian lending, they remain political declarations.

During the Dubai Air Show 2025, the Russian company Rosoboronexport presented 850 weapons. At the same time, almost all of the announced “latest” developments turned out to be mock-ups, which demonstrates the depth of technological lag and the lack of real samples of combat-ready products.

According to analysts, the Russian defense-industrial complex is losing markets, suffering from technological degradation, and increasingly dependent on customers from Africa and the Middle East. The trend of declining exports is expected to only intensify in the coming years.

Analysts previously reported that Russian industry produces up to 400 new tanks each year , not including equipment being removed from storage bases. According to their estimates, the aggressor is actively rebuilding its tank units.

By the way, according to the Main Intelligence Directorate of the Ministry of Defense of Ukraine, Russia is mass-producing guided modular glide bombs, which, thanks to a turbojet engine, can fly up to two hundred kilometers . This will result in the possibility of striking from a safer distance for Russian aviation and expanding the radius of the threat across the territory of Ukraine.

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