Swiss companies exported war materiel worth CHF948.2 million ($1.2 billion) in 2025. This means that last year's war materiel exports almost equalled the record figure of CHF955 million set in 2022. According to the State Secretariat for Economic Affairs (SECO), Germany was the largest buyer of the deliveries authorised by SECO in 2025, with exports worth CHF386.4 million. The US, Hungary, Italy and Luxembourg followed in second to fifth place. Exports to Europe accounted for 86.1% of all exports, followed by the American continent with 10.4%. War materiel exports went to 64 countries. Mainly ammunition exported By category of war materiel, exports of ammunition and ammunition components accounted for a good 43% of the total in 2025. Armoured vehicles and their components accounted for almost 24% of exports. Swiss industry also exports weapons of all calibres, components for fighter aircraft, fire control equipment, explosives, fuels and combustibles. Compared to the previous year ...
