>The UK secured defence export orders worth £13.2 billion in 2024, an increase of around 10.4% compared with the £11.9 billion recorded in 2023, according to newly published official statistics from the Ministry of Defence.
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>.. Europe overtook the Middle East as the largest market for UK defence exports in 2024. The report attributes this shift largely to major defence deals with Poland, which significantly boosted export orders to the region. Over the longer term, the five-year average value of UK defence exports to Europe has grown substantially, rising from around £0.7 billion in 2017 to £3.6 billion in 2024.
Helen83FromVillage on
Good. Helping Ukraine was a win-win: they have better chances to win, and we have polished equipment to sell around the world.
RedofPaw on
Is there a way we can make trade easier? Some kind of single market or something?
qwerty_1965 on
As the pull back from the mad uncle Sam takes hold this number will look small in a decade. The trick is to develop comparable whiz-bangs and allied tech.
QVRedit on
OK, a 10% increase is good, but it’s still only 10%.
Given the circumstances, I would be hoping for more…
There again, I think we are not spending much more than that ourselves – if even that much ?
(Seems like UK defense spending has increased by just 11.4% )
5 Comments
>The UK secured defence export orders worth £13.2 billion in 2024, an increase of around 10.4% compared with the £11.9 billion recorded in 2023, according to newly published official statistics from the Ministry of Defence.
>
>.. Europe overtook the Middle East as the largest market for UK defence exports in 2024. The report attributes this shift largely to major defence deals with Poland, which significantly boosted export orders to the region. Over the longer term, the five-year average value of UK defence exports to Europe has grown substantially, rising from around £0.7 billion in 2017 to £3.6 billion in 2024.
Good. Helping Ukraine was a win-win: they have better chances to win, and we have polished equipment to sell around the world.
Is there a way we can make trade easier? Some kind of single market or something?
As the pull back from the mad uncle Sam takes hold this number will look small in a decade. The trick is to develop comparable whiz-bangs and allied tech.
OK, a 10% increase is good, but it’s still only 10%.
Given the circumstances, I would be hoping for more…
There again, I think we are not spending much more than that ourselves – if even that much ?
(Seems like UK defense spending has increased by just 11.4% )