By the end of 2024, the order book of the Russian state company Rosoboronexport reached a record $57 billion and continues to grow, said CEO Alexander Mikheev. This demonstrates the high interest of foreign partners in Russian military equipment, despite current geopolitical challenges.

However, despite the significant volume of orders, actual arms exports from Russia have shown a downward trend. According to the Stockholm International Peace Research Institute (SIPRI), between 2019 and 2023, Russian arms exports fell by 53% compared to 2014–2018, causing Russia to fall to third place among the world’s arms exporters, behind France and the United States.

The main reason for the reduction in export volumes is the priority provision of domestic needs in the context of a special military operation. The head of the Rostec state corporation, Sergei Chemezov, noted that in 2023, the volume of exports of Russian weapons and military equipment amounted to about $6 billion, but figures for 2024 are not yet available.

Despite the current difficulties, Rosoboronexport continues to actively operate on the international market. In 2024, the company signed contracts to supply more than 30 types of modern weapons and military equipment to foreign customers. Key partners include countries in the Middle East, Asia-Pacific, Africa, Latin America and Central Asia.