China became the World's Fifth-Largest Arms Exporter

A Swedish think tank, Stockholm International Peace Research Institute in the Month of March 2013 mentioned China as the world's fifth largest arms exporter.

The reason of China Being top most arms exporter is evident from the fact that the volume of Chinese weapons exports rose by 162 percent in the five years 2008-2012, compared to the previous five-year period.
Earlier the country was eighth in ranking and it climbed to fifth with an increase in international arms exports from 2 percent to 5 percent.

The report also revealed that the largest buyer of Chinese weapons was Pakistan, which accounted for 55 percent of the country's exports, followed by Myanmar with 8 percent and Bangladesh with 7 percent.

 A number of recent deals indicate that China is establishing itself as a significant arms supplier to a growing number of important recipient states. Such deals include the sale of three frigates to Algeria, eight transport aircraft to Venezuela and 54 tanks to Morocco.

The US with 30 percent of global export volume remains the world's top arms exporter during the 2008-2012 periods. Russia stands in Second Position with 26 percent export while at third and fourth is Germany and France with 7 and 6 percent export volume.

Another major evident as per the report is that Asia dominated the global imports of weapons, with the top five importers all located in that region.

The top 5 arms importers in 2008-2012 (share of international imports)

1. India -12 percent

2. China - 6 percent

3. Pakistan - 5 percent

4. South Korea -5 percent

5. Singapore -4 percent