Russia's share of the global arms export market, according to 2017-2021 data, is about 20%, Deputy Prime Minister Yuri Borisov said on Wednesday during the New Horizons marathon.
"Share of the arms market: the first place is occupied by the United States with the volume of 39% of the total share of the global arms market. And Russia, which has a much smaller budget, has a steady share of about 20% in the world market," he said.
Borisov said countries around the world have ordered $50 billion worth of Russian arms.
"The order package is the multi-year volumes that have been ordered amount to about $50 billion. The country exports arms in the range of $14-15 billion annually," Borisov said.
According to the deputy prime minister, the main buyers of Russian arms are India, China, Egypt, Algeria and other countries of the world.
"I think that after the export of hydrocarbons, food, and wheat, this is probably the third constituent part of our export revenues," he specified.
Deputy prime minister also noted that according to statistics of Stockholm International Peace Research Institute, Russia ranks fifth in spending on armament. Russia spends $66 billion, while the United States spends $801 billion and NATO countries together spend more than $1.2 trillion.
Military-industrial complex products
Borisov said that less than 30 percent of defense industry products are exported and more than 70 percent go to the domestic market.
"74% of products go to the domestic market, 26% to the foreign market," Borisov said.
According to the deputy prime minister, aircraft construction accounts for about 33% of the total volume produced by the MIC, the radioelectronic complex - 28%, shipbuilding - 16%, and conventional weapons - 15.5%.
New Russian MLRSs
Borisov said Russia's new multiple-launch rocket systems (MLRSs) have the characteristics of precision weapons, including the ability to target a particular target separately.
"The Grad, Uragan, and Smerch MLRSs. The new systems that replace them in caliber 122 and 300 mm, in contrast to the area weapons that were produced, today already have the attributes of high-precision weapons. In particular, the 300 mm caliber. Each projectile has the ability to aim separately at one target or another," he said.
Smerch is an MLRS with 300 mm rockets and a range of 20 to 120 km (this is the range at which a Russian-made guided missile can fly). It has been in service since 1987.
The Grad is a Russian and Soviet 122mm MLRS system designed to engage enemy infantry and motorized infantry units in staging areas, during marching and in combat ranks, as well as artillery and mortar batteries, air defense units and rear targets. The upgraded version of the system, which is in service with the Russian Armed Forces, is called Tornado-G.
GSV "Russia - Islamic world"
Photo: Federation Council
Based on materials from TASS