Korea used to be the world's greatestfingers importer of 2014, forward even of perennial best spender Saudi Arabia. Either countries are rather captive markets to U.S. arms brands since Washington is a specificallyimportantbest friend to both. Korea "was the world's peakgunscustomer in 2014, finishing up $7.8 billion in contracts", the hot York Times on Saturday quoted a Congressional StudiesProvider report.From 2008-11, Korea ranked an insignificant 10th after Saudi Arabia, India, the U.A.E., Brazil, Egypt, Venezuela, Iraq, Taiwan, and Israel, and in 2009-2013 8th later on India, China, Pakistan, the U.A.E., Saudi Arabia, the U.S., and Australia.
The bulk of Seoul's purchases or some $7 billion got here from the U.S., which provided "transport helicopters and similar support, in additioncomplex unmanned aerial surveillance vehicles", the day-to-day said.The Defense Acquisition Program Managementstated the toprating is because ofa massive number ofcash being spent closing year on large-scale projects like the F-35 fighter jets and a high-altitude drone named Global Hawk. The former turned intovalue W7.34 trillion-worth and the latter W880 billion (US$1=W1,171).From 2010 to 2014, U.S. weapons accounted for 89 % of Korea's overall arms imports. At the 2014 list of top importers, Iraq ranked 2d amongst $7.3 billion-worth of arms aiming to fill the vacuum left by capacity of the withdrawal of U.S. troops, and Brazil 3rdas it spent big on Swedish aircraft.The U.S. was largest exporter with $36.2 billion, up from $26.7 billion in 2013 and a 50.4 percent percentage of the global market. Next came Russia with a far-off $10.2 billion, Sweden, France, and China.Total above-board weapons deals last year amounted to $71.8 billion round the world, up from $70.1 billion in 2013.
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