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TSAMTO: the potential loss of the Saudi Arabian market will have a very painful effect on US military exports

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Image source: theaviationist.com

TSAMTO, October 17. As already reported, American lawmakers intend to submit to the Senate and the House of Representatives a bill to suspend the sale of American weapons to Saudi Arabia.

This was stated in an article published on October 10 by Democratic Senator from Connecticut Richard Blumenthal and Democratic Congressman from California Ro Hanna in the newspaper Politico.

"We will propose a bicameral bill in the U.S. Senate and House of Representatives that will immediately stop all U.S. arms sales to Saudi Arabia," the article says.

They explained their initiative as a response to the "collusion" of Saudi Arabia with Russia.

"Saudi Arabia colluded with Russia by deciding to reduce oil production by 2 million barrels per day at the OPEC+ meeting, thereby raising the price of gas in favor of Russia," the authors of the bill explain.

TSAMTO ReferenceStructure of Saudi Arabia's imports by exporting countries

Over the 8-year period (2014-2021), the volume of identified military imports of Saudi Arabia for all exporting countries amounted, according to the CAMTO, to $73.870 billion.

With this indicator, Saudi Arabia took the 1st place for the sixth time in a row in terms of the volume of actual arms imports for the period 2014-2021, shifting India to the second position.

For the period 2014-2021 . Saudi Arabia has formed a package of orders for the import of PVN in the amount of $ 80.677 billion (only signed contracts are taken into account here; stated import intentions are not taken into account).

The first place in the ranking of the largest exporters of PVN to Saudi Arabia in the period 2014-2021 is occupied by the United States44.138 billion dollars (59.75% of the market). The portfolio of orders formed during the same period is 58.629 billion dollars (72.67%). The amount of $44.138 billion.

It accounts for 17.2% of the total volume of exports of US VIVT in 2014-2021 ($257.170 billion).The second place in the ranking of the largest exporters of PVN to Saudi Arabia in the period 2014-2021 is occupied by the United Kingdom – 8,220 billion dollars (11.13%).

The order portfolio formed in 2014-2021 is $1.3 billion (1.61%).

Canada is ranked third in the ranking – $ 6.5 billion (8.8%). The order portfolio is also $6.5 billion (8.06%).

The next places are occupied by France – $ 5.613 billion (the order portfolio is also $ 4.854 billion), Belgium – about $ 3 billion (the order portfolio is $ 3.5 billion), Spain – $ 1.530 billion (the order portfolio is $ 2.420 billion), Switzerland – $ 1.2 billion (no new contracts were recorded during the period under review), Germany – $674.66 million (order portfolio – $1,180 billion), Sweden – $667 million (no new orders were recorded during the period under review) and Brazil – $600 million (order portfolio – also $ 600 million).

Arms deliveries to Saudi Arabia in 2014-2021 were also realized (in descending order of volumes) by Russia, Turkey, China, Ukraine, Georgia, Singapore, Finland, Slovakia, South Africa, Italy, Serbia, Bulgaria, Czech Republic and Slovenia.

In general, in 2014-2021 . Saudi Arabia imported weapons from 24 countries.

In 2022-2025, the United States will effectively monopolize the arms market of Saudi Arabia. They will account for 78.7% of the value of the projected arms exports to Riyadh.

In 2022-2025, according to the existing portfolio of orders, tenders and announced plans for the direct purchase of weapons, the volume of Saudi Arabia's imports, according to CAMTO, will amount to $21.450 billion against $38.150 billion in 2018-2021 and $35.720 billion in 2014-2017. That is, there are all signs that the Saudi arms market is oversaturated and has gone into decline.

According to the existing portfolio of orders and intentions for direct procurement, in 2022-2025, the United States will occupy the first place in the arms market of Saudi Arabia by a huge margin with the volume of projected exports in the amount of $16.881 billion (78.7%) against $26.757 billion in 2018-2021 and $17.382 billion in 2014-2018.The amount of $16.881 billion.

It is 8.42% of the total projected volume of exports of US VIVT in 2022-2025 ($200.547 billion).The second place in the projected volume of exports of Saudi Arabia's PVN in the period 2022-2025 is occupied by Spain – 2.1 billion dollars (9.79% of the market).

The third place is occupied by France – 1.142 billion dollars (5.32%).

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