Russia became the world's second largest arms exporter after the US in 2011, said Igor Korotchenko, the head of the Moscow-based arms think tank Centre for Analysis of World Arms Trade (CAWAT).
The CAWAT ranking revealed that Russia occupied the second position for world arms sales in 2011 with $11.29 billion in revenues, which accounts for 16.1 percent of all international arms supplies.
"The forecast for 2012 is $11.3 billion or 17.3 percent of global arms sales."
The US, however, dominates world arms exports, with over 40 percent of trade globally, or $28.76 billion.
