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Naval Arms Exports - How Europe & Asia overtook the US & Russia

With the next update on the Ukraine war delayed on account of the the Kharkiv counter-offensive, I thought it would be good to return to some defence economics with a study of global military ship and submarine exports. When we think of major naval powers, we usually think of the big players. The USA, the USSR/Russia & the PRC - but surprisingly enough, in recent times all of them have sold relatively few of their ships and submarines abroad. How can it be that major naval powers, with significant military shipbuilding capacity, find themselves in this position? Well thanks to the results of the recent topic votes here and on my Patreon, you get to spend the next 56 minutes finding out. Maximum possible credit to the Stockholm International Peace Research Institute for making their data freely and publicly available in easy to manipulate formats - it makes covering topics like these much, much easier by providing good, open-source data. Next week we'll return to Ukraine, but for now, enjoy another dive into defence economics and the arms market. Caveats: As always - this video includes only my own personal opinions and does not represent financial advice. SIPRI data is used as the basis for identifying trends in arms exports, and specific trade register data is also used. As discussed, tracking arms sales, and valuing them all in terms of Trend Indicator Value (TIV) to allow more like-for-like comparisons is difficult. SIPRI data may not be complete (not capturing all transactions) and valuations and national attributions may be made more complicated or difficult based on the structure of a particular deal. As such, it should be treated as informative, but not unambiguously authoritative. Sources: Primary data analysis based on Stockholm International Peace Research Institute Export TIV Registers: https://www.sipri.org/databases/armst... US fleet figures sourced from Navy History and Heritage Command: https://www.history.navy.mil/research... Commentary on US shipyard capacity https://www.defensenews.com/naval/202... https://www.defensenews.com/naval/202... https://foreignpolicy.com/2021/10/10/... Patreon:   / perunau   Timestamps: 00:00 -- Opening Words 02:28 -- What Am I Covering? 04:09 -- Congratulations Mr. President! 05:24 -- Military Ship/Submarine Exports 06:15 -- What is a Competitive Advantage? 08:10 -- The Competitors 08:16 -- The Soviet Union 10:45 -- Meet Sergey 11:33 -- Ship & Submarine Arms Exports - USSR & USA 1970-89 12:10 -- Collapse of the USSR 13:27 -- Renaissance 14:33 -- The Golden Years 15:24 -- Re-collapse & Modern Offering 16:37 -- What do the Russians offer? 18:16 -- What about the Americans? 20:15 -- Market Decline? 20:38 -- Product Problem 23:30 -- The Shipbuilding Challenge 26:31 -- Détente, Not Decay 28:21 -- Second-Hand Dealer 30:53 -- What do the Americans offer? 31:58 -- Made in Europe? 33:24 -- The EU 5 34:54 -- Germany 36:30 -- France 39:36 -- Spain 40:14 -- Italy 41:55 -- The Netherlands 43:25 -- Integrated Offerings 45:09 -- What do the Europeans offer? 46:47 -- Let's Travel to Asia 46:55 -- Korea's Rise 48:01 -- Naval Tradition in Korea 49:26 -- Meet the Big 3 50:54 -- Growing Export Provider 52:54 -- Conclusions 54:42 -- Channel Update