German arms export in the first ten months of 2019 is totalling 7.42 billion euros

In the last 10 months of this year, Germany has exported or approved arms exports worth a total of 7.42 billion euros, according to the Federal Ministry of Economy. This was reported by a local German daily.

We recall that record levels of exports of German weapons were reported in 2015, and the current ones in 2019 are approaching them significantly.

Around 270 arms export licenses have been issued since the beginning of the year for a total value of EUR 2.33 billion, as well as nearly 9 600 licenses for other types of defense equipment worth a total of EUR 5.09 billion.

It turns out that out of all requests for arms licenses, only 59 were rejected or refused. These 59 licenses were for transactions totaling nearly € 15 million.

Over the last year, nearly EUR 4.88 billion were deals by mid-2018, and by mid-2019, Germany had traded for a total value of EUR 5.3 billion.

There was a time when the issuance of arms licenses was delayed due to the fact that in the fall of 2017, the new German government was forming, which slowed down more than usual. Ie experts say the apparently increased licenses issued are “fraudulent” and should not come as a surprise to the public or the international community.

Excluding this year, exports of German weapons or other military equipment have fallen proportionately over the last three years, reaching EUR 4.8 million in 2018.

In 2015, exports totaled € 7.86 million. [BERLIN, Germany]

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