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Market
Type of Serbian ammunition with highest sales volume to Western countries by end of 2024
5
Resolution / Starting Odds
Mortars • 33%
Grenade Launchers • 33%
Rockets for MLRS • 33%
International trade records or official statements
Story
Serbia Discreetly Boosts €800 Million Ammunition Sales to Ukraine via Western Intermediaries
Jun 22, 2024, 03:13 PM
Serbia has been discreetly increasing its sales of ammunition to Western countries, which subsequently ends up bolstering Ukraine's defense. Despite being one of only two European countries not to join Western sanctions against Russia, Serbia has exported nearly €1 billion worth of ammunition, including mortars, grenade launchers, and rockets for MLRS, to Ukraine through intermediaries since February 2022. Serbian President Aleksandar Vučić confirmed the accuracy of the €800 million figure cited by various sources, stating that Serbia's contracts with countries such as the USA, Spain, and the Czech Republic are a business opportunity. Vučić emphasized that Serbia is not concerned with the final destination of the ammunition and is not taking sides in the conflict.
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Artillery shells • 25%
Mortar rounds • 25%
Other • 25%
Turkey • 25%
United States • 25%
Germany • 25%
Other • 25%
EU country • 25%
Russia • 25%
China • 25%
Other • 25%
Domestic Russian production • 25%
North Korean supplies • 25%
Chinese supplies • 25%
Other international sources • 25%
Domestic production • 25%
Imports from North Korea • 25%
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Other • 25%
155mm artillery shells • 33%
Tank ammunition • 33%
Other types • 33%
155mm • 33%
125mm • 33%
120mm • 33%
Iran • 25%
North Korea • 25%
China • 25%
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155mm • 33%
125mm • 33%
120mm • 33%
Less than €1 billion • 25%
€1 billion to €2 billion • 25%
€2 billion to €3 billion • 25%
More than €3 billion • 25%
North Korea • 25%
Domestic production • 25%
Other countries • 25%
Unknown • 25%
Netherlands • 25%
Denmark • 25%
Czech Republic • 25%
Other • 25%