UK defence exports fell 14 per cent in 2010 to GBP6 billion (USD9.6 billion), although the country's share of the world market slightly improved.
UK Trade and Investment Defence Services Organisation (UKTI DSO) – the defence and security export wing of the UK government – reported on 18 July that the UK won almost GBP6 billion of new business during 2010, reflecting a 22 per cent share of the world market.
In 2009, the UK secured new business valued at GBP7 billion: a figure that accounted for just 18 per cent of world sales that year.
Despite the fallen military sales, UK security sales improved significantly on the back of strong global demand and a strong export push. Security sales climbed eight per cent to GBP2 billion, maintaining (according to UKTI DSO figures) the UK's fifth place ranking in the world.
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