HS Code:
The Guided Missiles category, classified under HS Code 930690, encompasses munitions for military use, including guided missiles, bombs, torpedoes, mines, and similar war munitions. This category is highly sensitive due to its implications for national security and international relations. Trade in guided missiles is heavily regulated under international agreements such as the Missile Technology Control Regime (MTCR) and the Wassenaar Arrangement. The market is dominated by a few major players with advanced technological capabilities, and transactions often occur through government-to-government contracts rather than open market trade.
Total Trade Volume
Approximately $10 billion USD
Data from 2022
Source
Estimated data based on reports from the Stockholm International Peace Research Institute (SIPRI) and UN Comtrade Database
$5.2 billion USD
52% of total trade of total trade
Increasing
$2.1 billion USD
21% of total trade of total trade
Stable
$1.0 billion USD
10% of total trade of total trade
Increasing
$0.8 billion USD
8% of total trade of total trade
Increasing
$0.5 billion USD
5% of total trade of total trade
Stable
Average Rate
Varies widely; often subject to exemptions or special agreements
Highest Rate
Up to 100% or complete bans in certain countries due to security concerns
Lowest Rate
0% under bilateral defense agreements or free trade zones for allied nations
Increased demand for precision-guided munitions
Driven by rising geopolitical tensions and modernization of defense forces, leading to higher investments in advanced missile systems
2020-2022
Shift toward hypersonic missile technology
Countries are investing heavily in R&D for hypersonic missiles, creating a new sub-market with significant growth potential
2021-2023
Growing focus on missile defense systems
Parallel demand for missile interceptors and defense technologies as countermeasures to guided missile proliferation
2019-2022
The United States approved a $3 billion deal for the sale of Patriot missile systems to Saudi Arabia and UAE to counter regional threats.
August 2022
Strengthens US position in the global arms market and deepens defense ties with Gulf states
Russia signed contracts for the delivery of S-400 missile defense systems to India despite international sanctions.
December 2021
Demonstrates Russia's resilience in maintaining its share of the global missile trade market
The European Union introduced stricter regulations on the export of dual-use missile technologies to prevent proliferation.
March 2023
May reduce trade volume from EU countries and redirect contracts to other global suppliers