Switzerland’s war material exports hit record level in 2022

Swiss companies exported armored vehicles, weapons and other military equipment worth 955 million Swiss francs ($1.02 billion) last year, the Swiss State Secretariat for Economic Affairs said on Tuesday, the highest level ever recorded.

Compared to 2021, the value increased by 212.2 million Swiss francs ($227.57) or 29%.

The main buying countries included Qatar, Denmark, Germany, Saudi Arabia, and the US, according to the State Secretariat. The main exports were armored vehicles (26.5%), and ammunition and ammunition components (24.8%).