Canadian military-goods exports dropped last year as sales to Saudi Arabia fell
OTTAWA — The federal government reports the value of Canadian military-goods exports fell last year as its sales to Saudi Arabia dropped.
Canada’s annual report on exports of military equipment says in 2020 it sent approximately $1.966 billion in controlled military goods compared to $3.757 billion in 2019.
The report says this decrease in export value was largely attributed to the lower value of military exports to Saudi Arabia.
Saudi Arabia was the largest non-U.S. export destination of Canadian military exports, accounting for $1.311 billion or 67 per cent of non-U.S. military exports.