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Industry

Spain sets new defence export record

16 May 2018

For the second year running Spain has set a new record high in defence exports sales in 2017 with a 7.3% rise to EUR4.34 billion (USD5.13 billion).

But while allies in NATO and European Union partners remained the biggest clients, together taking a 72.6% share by value, it was Saudi Arabia that showed the most dramatic increase, growing by 133% to EUR270.2 million.

The figures show Germany overtaking the United Kingdom as the largest export market, with sales of EUR1.2 billion against the UK’s EUR950 million.

With both these countries, as with third-placed France (EUR422.1 million) and fourth-placed Turkey (EUR301.5 million), most of the value consisted of the sale of military transport aircraft.

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