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Germany’s Revenue From Weapons Export Dropped by 12.5% in 2016

© AP Photo / Michael SohnGerman flags wave in front of the Reichstag building, host of the German Federal Parliament Bundestag, in Berlin, Germany. (File)
German flags wave in front of the Reichstag building, host of the German Federal Parliament Bundestag, in Berlin, Germany. (File) - Sputnik International
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Germany’s revenue from the weapons export in 2016 fell down by 12.5 percent in comparison with 2015, the German Federal Ministry for Economic Affairs and Energy said Friday.

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BERLIN (Sputnik) — The revenue from weapons export amounted to 6.88 billion euros ($7.31 billion) last year in comparison with 7.86 billion euros in 2015, the ministry’s statement read.

“The export of weapons, which is a part of the cooperation with our alliance partners [NATO], meets the security interests of Germany and the alliance,” Economy Minister Sigmar Gabriel said, as quoted in the statement.

Algeria, the United States and Saudi Arabia are the top three importers of German weapons, according to the ministry.

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