Sweden: Siltanews – News Desk
Sweden’s defence exports surged to a record 29 billion kronor ($2.9 billion) in 2024, marking a 63 per cent increase from the previous year. Now a full Nato member, Sweden is deploying Gripen jets to Poland, stationing 550 troops in Latvia and expanding its defence budget to 142 billion kronor ($14.6 billion) for 2025, with plans to reach 186 billion kronor ($18.4 billion) by 2030.
The tenth edition of Raisina Dialogue, India’s flagship conference on geopolitics and geo-economics, is now underway in Delhi. Firstpost, which has partnered with the Observer Research Foundation (ORF) for the summit, brings you this piece on Sweden’s defence preparedness amid discussions on changing world order at the gathering.
Sweden’s military equipment exports reached an all-time high in 2024, total of 29 billion kronor ($2.9 billion), marking a 63 per cent increase from the previous year.
The surge in exports reflects the escalating security concerns following Russia’s invasion of Ukraine, according to data from the Inspectorate of Strategic Products (ISP).
Approximately 70 per cent of Sweden’s defence exports went to the 39 countries that maintain security and defence partnerships with Sweden. The United Arab Emirates emerged as the top recipient, followed by the United States and Brazil.