Military expert Collin Koh, from the S Rajaratnam School of International Studies at Nanyang Technological University in Singapore, said higher value military items like warships and fighter jets were the major reason for the rise in China's arms exports.
India continues to be world's largest importer for major firearms, an indication that Modi government's make in India drive for defence sector has faltered.
The Stockholm International Peace Research Institute (Sipri) said that global transfer of major weapons systems between 2013 and 2017 rose by 10 per cent compared with the five-year period before that, in a continuation of an upward trend that began two decades ago, reports the Guardian.
In contrast, Saudi Arabia's regional rival, Iran, which is propping up Bashar al-Assad's regime in Syria, did not even make the list of the 40 largest importers - only accounting for 1% of arms imports to the region.
According to details, Pakistan accounted for 2.7pc of global arms imports during the aforementioned period.
The UK, which rolled out a red carpet for the Saudi crown prince on his visit to London last week, exported almost half of its arms to the Saudi Arabia, which has increased its imports by 225%.
At the same time, arms deliveries to India from the United States, the world's top weapons exporter, increased more than six-fold in the five-year period, SIPRI calculated.
With the Middle East accounting for 49 percent of total US arms exports, Saudi Arabia was by far its biggest customer. Israel (55 per cent), South Korea (65 per cent) and Turkey (145 per cent) substantially increased their respective arms exports between 2008-12 and 2013-17. 'These deals and further major contracts signed in 2017 will ensure that the U.S. remains the largest arms exporter in the coming years'.
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"Based on deals signed during the Obama administration, USA arms deliveries in 2013-17 reached their highest level since the late 1990s", said Dr Aude Fleurant, the director of the Sipri's arms and military expenditure programme.
The flow of arms increased to Asia and Oceania and the Middle East between 2008-12 and 2013-17, while there was a decrease in the flow to Africa, the Americas and Europe. Earlier this year, the German government said it would stop approving arms exports to anyone participating in the war in Yemen.
Report by Stockholm International Peace Research Institute spotlights India's floundering attempts for make firearms in India and growing preference of U.S. over Russian Federation as arms supplier. "We don't know if what we see is the tip of the iceberg or most of the iceberg when something is found", he says, noting that serious, reputable shipping companies are unlikely to be involved in taking such risks. You can sign up to receive it directly here.
Arms imports by Egypt-the third largest importer in 2013-17-grew by 215 per cent between 2008-12 and 2013-17.
Few countries outside North America and Europe are large exporters of arms.
Australia was the sixth largest arms importer globally in 2013-17.