HS Code:
The category of Bombs, grenades, torpedoes, mines, and similar munitions of war, along with other ammunition and projectiles (HS Code: 9306), encompasses a range of military and defense-related products used in warfare and security operations. This includes explosive devices, projectiles, and related components designed for military purposes. Trade in this category is highly regulated due to its sensitive nature, with strict export controls, international treaties (such as the Arms Trade Treaty), and national security policies influencing global trade patterns. The category excludes civilian-use ammunition in some classifications but primarily focuses on military applications.
Total Trade Volume
Approximately $10.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$3.8 billion USD
37.3% of total trade of total trade
Increasing
$1.5 billion USD
14.7% of total trade of total trade
Stable
$1.2 billion USD
11.8% of total trade of total trade
Increasing
$900 million USD
8.8% of total trade of total trade
Increasing
$700 million USD
6.9% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
Up to 30% in certain countries with strict import controls (e.g., India for non-allied imports)
Lowest Rate
0% under free trade agreements or defense pacts (e.g., NATO member states)
Increased demand for precision-guided munitions
Driven by modernization of military forces and focus on minimizing collateral damage, leading to higher trade in advanced munitions systems.
2020-2022
Rising geopolitical tensions
Conflicts in regions like Eastern Europe and the Middle East have spurred demand for munitions, boosting trade volumes for key exporters.
2021-2023
Shift towards sustainable and non-lethal alternatives
Some countries are investing in non-explosive defense solutions, slightly reducing trade in traditional munitions in specific markets.
2022
The United States introduced stricter export controls on munitions to certain regions due to human rights concerns, impacting trade flows.
March 2023
Reduction in trade to specific countries; redirection of exports to allied nations.
The European Union allocated additional funding for joint defense projects, including munitions development, to reduce reliance on non-EU suppliers.
June 2022
Increased intra-EU trade and potential decrease in imports from external markets.
The ongoing conflict has led to a surge in demand for munitions in Eastern Europe, with several countries ramping up imports and domestic production.
February 2022 - Present
Significant increase in trade volume for key exporters like the U.S. and France to support Ukraine and NATO allies.