The SIPRI’s recent report on international arms transfer reflects the dynamic trends in the global arms trade. While the US, the world’s largest arms supplier, dominates the international arms market and its share has dramatically increased over the previous five year from 34 percent in 2014-18 to 42 percent in 2019-23. France has emerged as the second-largest arms exporter for the first time displacing Russia, which descended to the third place.