IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.56% USD/MXN17.50▲ 0.64% USD/CLP946.71▲ 1.19% USD/COP3,207▼ 0.63% USD/PEN3.39▼ 0.23% USD/ARS1,490▲ 0.50% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.94▼ 0.10% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.22% BRENT 100.61 ▲ 6.95% WTI 92.40 ▲ 6.41% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.78% GOLD 4,053 ▼ 2.27% SILVER 57.96 ▼ 3.43% SOY 1,244 ▲ 0.91% CORN 487.00 ▲ 5.41% WHEAT 699.75 ▼ 0.85% COFFEE 309.15 ▼ 2.37% SUGAR 14.67 ▼ 0.47% ORANGE JUICE 145.80 ▼ 2.99% COTTON 81.53 ▲ 2.08% COCOA 5,317 ▼ 0.21% BEEF 220.58 ▼ 1.18% CATTLE 339.23 ▼ 0.57% LITHIUM 69.28 ▲ 0.41% PETR4 43.16 ▲ 1.36% VALE3 76.16 ▲ 1.41% ITUB4 42.35 ▼ 1.28% BBDC4 18.74 ▼ 1.21% ABEV3 15.90 ▼ 1.43% BBAS3 20.84 ▼ 1.19% B3SA3 15.61 ▼ 1.82% WEGE3 45.11 ▼ 3.49% PRIO3 61.13 ▲ 2.28% SUZB3 42.09 ▼ 1.34% RENT3 36.97 ▼ 0.46% AZZA3 17.56 ▼ 1.40% CSAN3 3.91 ▼ 0.26% RAIZ4 0.27 — 0.00% PCAR3 2.83 ▲ 2.91% GMAT3 3.89 ▼ 0.51% PSSA3 55.17 ▼ 0.51% CVCB3 1.28 ▲ 0.79% POSI3 3.68 ▼ 0.54% SLCE3 13.89 ▼ 0.50% NATU3 8.62 ▼ 0.69% BRKM5 6.16 ▲ 1.48% RANI3 7.95 ▼ 0.63% CSNA3 5.39 ▲ 0.19% CMIN3 5.73 ▼ 1.88% USIM5 8.58 ▼ 0.81% GGBR4 24.16 ▲ 0.42% ENEV3 25.53 ▼ 1.69% CPFE3 46.07 ▼ 1.37% CMIG4 11.15 ▼ 0.54% EQTL3 38.76 ▼ 1.50% LREN3 13.29 ▼ 1.85% VIVT3 34.62 ▼ 2.15% RAIL3 13.98 ▲ 2.49% KLABIN 17.60 ▼ 1.84% RAIA DROGASIL 18.41 ▲ 0.66% RDOR3 33.88 ▼ 1.77% HAPV3 10.91 ▼ 4.21% FLRY3 16.58 ▼ 0.42% SMTO3 16.11 ▲ 0.37% UGPA3 32.94 ▲ 0.34% VBBR3 35.14 ▲ 0.46% BBSE3 42.42 ▼ 0.38% BPAC11 56.10 ▼ 1.61% CURY3 29.62 ▼ 1.92% AERI3 2.04 ▼ 0.49% VIVARA 21.59 ▲ 0.19% COMPASS 24.95 ▲ 0.56% VAMOS 3.19 ▼ 1.24% SANB11 26.68 ▼ 1.00% ASAI3 8.13 ▼ 3.21% SBSP3 28.86 ▼ 1.47% WALMEX 47.04 ▼ 3.31% GMEXICO 210.20 ▼ 2.24% FEMSA 223.86 ▼ 1.70% CEMEX 21.63 ▼ 2.44% GFNORTE 190.92 ▼ 0.37% BIMBO 59.81 ▼ 0.81% TELEVISA 9.83 ▲ 0.10% AMX 22.86 ▲ 0.75% GAP 377.63 ▲ 0.24% ASUR 270.27 ▼ 1.19% OMA 227.95 ▼ 0.33% KOF 180.94 ▼ 0.94% GRUMA 275.86 ▼ 1.64% KIMBER 39.03 ▲ 0.54% SQM-B 66,428 ▲ 2.11% COPEC 6,438 ▼ 1.71% BSANTANDER 79.79 ▼ 0.08% FALABELLA 6,060 ▲ 0.30% ENELAM 84.54 ▲ 0.01% CENCOSUD 1,984 ▼ 1.28% CMPC 1,063 ▼ 0.69% BANCO CHILE 192.30 ▼ 0.62% LATAM AIR 23.57 ▼ 2.16% YPF 83,450 ▲ 1.15% GGAL 8,120 ▼ 1.87% PAMPA 5,685 ▲ 1.07% TXAR 672.00 ▲ 0.60% ALUAR 977.00 ▲ 0.31% TGS 10,080 ▲ 1.77% CEPU 2,421 ▲ 0.41% MIRGOR 16,975 ▲ 0.30% COME 42.95 ▼ 0.44% LOMA NEGRA 3,818 ▲ 0.20% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,315 ▼ 2.38% ECOPETROL 16.76 ▲ 0.39% BANCOLOMBIA 86.09 ▲ 1.68% GRUPO AVAL 4.90 ▼ 2.78% CREDICORP 390.10 ▼ 0.91% SOUTHERN COPPER 187.03 ▼ 4.32% BUENAVENTURA 31.23 ▼ 2.68% MERCADOLIBRE 1,792 ▼ 0.37% NUBANK 14.26 ▼ 1.76% XP 17.08 ▼ 1.27% PAGSEGURO 9.39 ▼ 2.95% STONE 10.99 ▼ 3.30% GLOBANT 30.21 ▼ 1.50% TECNOGLASS 43.97 ▼ 2.76% GAP AIRPORT 215.91 ▼ 0.75% ASUR 270.27 ▼ 1.19% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 26.03 ▼ 0.34% FEMSA ADR 127.90 ▼ 2.31% CEMEX ADR 12.38 ▼ 2.71% PETROBRAS ADR 19.16 ▲ 1.43% VALE ADR 14.96 ▲ 0.71% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.93% AMBEV ADR 3.09 ▼ 1.59% CSN 1.09 ▼ 0.46% GERDAU 4.77 ▼ 0.10% LATAM ADR 49.70 ▼ 3.05% BTC 64,707 ▼ 2.11% ETH 1,888 ▼ 2.36% SOL 75.97 ▼ 2.49% XRP 1.11 ▼ 3.00% BNB 566.17 ▼ 0.80% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.58% AVAX 6.42 ▼ 2.98% LINK 8.49 ▼ 1.59% DOT 0.81 ▼ 2.90% LTC 46.53 ▼ 1.15% BCH 212.52 ▼ 3.39% TRX 0.33 ▼ 0.76% XLM 0.18 ▼ 2.58% HBAR 0.07 ▼ 0.71% NEAR 1.88 ▲ 0.43% ATOM 1.43 ▼ 2.29% AAVE 95.93 ▼ 1.47% SELIC 14.25% EMBRAER 83.28 ▼ 0.61% EMBRAER ADR 65.54 ▼ 0.78% JBS 12.04 ▼ 1.76% JBS BDR 61.20 ▼ 0.97% MBRF3 15.93 ▼ 0.62% MBRFY 3.11 ▼ 2.51% INTER 5.47 ▼ 3.86% EGX 53,932 ▼ 0.11% USD/ZAR16.79▲ 2.40% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.76▲ 0.38% USD/CNY6.77▼ 0.10% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD1.14▼ 0.25% GBP/USD1.33▼ 0.40% SPX 7,419 ▼ 1.07% DJI 51,785 ▼ 0.83% NDX 28,550 ▼ 1.55% RUT 2,936 ▼ 0.82% TSX 35,199 ▼ 0.81% VIX 19.24 ▲ 15.63% USD/CAD1.41▼ 0.07% US10Y 4.6990 ▲ 0.90% IBOV 176,501.85 ▼ 0.59% IPSA 10,959.17 ▼ 0.45% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,356,435 ▼ 0.69% COLCAP 2,313.99 ▲ 0.74% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.56% USD/MXN 17.50 ▲ 0.64% USD/CLP 946.71 ▲ 1.19% USD/COP 3,207 ▼ 0.63% USD/PEN 3.39 ▼ 0.23% USD/ARS 1,490 ▲ 0.50% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.94 ▼ 0.10% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.78 ▼ 0.22% BRENT 100.61 ▲ 6.95% WTI 92.40 ▲ 6.41% IRON ORE 161.91 — — COPPER 6.34 ▼ 1.78% GOLD 4,053 ▼ 2.27% SILVER 57.96 ▼ 3.43% SOY 1,244 ▲ 0.91% CORN 487.00 ▲ 5.41% WHEAT 699.75 ▼ 0.85% COFFEE 309.15 ▼ 2.37% SUGAR 14.67 ▼ 0.47% ORANGE JUICE 145.80 ▼ 2.99% COTTON 81.53 ▲ 2.08% COCOA 5,317 ▼ 0.21% BEEF 220.58 ▼ 1.18% CATTLE 339.23 ▼ 0.57% LITHIUM 69.28 ▲ 0.41% PETR4 43.16 ▲ 1.36% VALE3 76.16 ▲ 1.41% ITUB4 42.35 ▼ 1.28% BBDC4 18.74 ▼ 1.21% ABEV3 15.90 ▼ 1.43% BBAS3 20.84 ▼ 1.19% B3SA3 15.61 ▼ 1.82% WEGE3 45.11 ▼ 3.49% PRIO3 61.13 ▲ 2.28% SUZB3 42.09 ▼ 1.34% RENT3 36.97 ▼ 0.46% AZZA3 17.56 ▼ 1.40% CSAN3 3.91 ▼ 0.26% RAIZ4 0.27 — 0.00% PCAR3 2.83 ▲ 2.91% GMAT3 3.89 ▼ 0.51% PSSA3 55.17 ▼ 0.51% CVCB3 1.28 ▲ 0.79% POSI3 3.68 ▼ 0.54% SLCE3 13.89 ▼ 0.50% NATU3 8.62 ▼ 0.69% BRKM5 6.16 ▲ 1.48% RANI3 7.95 ▼ 0.63% CSNA3 5.39 ▲ 0.19% CMIN3 5.73 ▼ 1.88% USIM5 8.58 ▼ 0.81% GGBR4 24.16 ▲ 0.42% ENEV3 25.53 ▼ 1.69% CPFE3 46.07 ▼ 1.37% CMIG4 11.15 ▼ 0.54% EQTL3 38.76 ▼ 1.50% LREN3 13.29 ▼ 1.85% VIVT3 34.62 ▼ 2.15% RAIL3 13.98 ▲ 2.49% KLABIN 17.60 ▼ 1.84% RAIA DROGASIL 18.41 ▲ 0.66% RDOR3 33.88 ▼ 1.77% HAPV3 10.91 ▼ 4.21% FLRY3 16.58 ▼ 0.42% SMTO3 16.11 ▲ 0.37% UGPA3 32.94 ▲ 0.34% VBBR3 35.14 ▲ 0.46% BBSE3 42.42 ▼ 0.38% BPAC11 56.10 ▼ 1.61% CURY3 29.62 ▼ 1.92% AERI3 2.04 ▼ 0.49% VIVARA 21.59 ▲ 0.19% COMPASS 24.95 ▲ 0.56% VAMOS 3.19 ▼ 1.24% SANB11 26.68 ▼ 1.00% ASAI3 8.13 ▼ 3.21% SBSP3 28.86 ▼ 1.47% WALMEX 47.04 ▼ 3.31% GMEXICO 210.20 ▼ 2.24% FEMSA 223.86 ▼ 1.70% CEMEX 21.63 ▼ 2.44% GFNORTE 190.92 ▼ 0.37% BIMBO 59.81 ▼ 0.81% TELEVISA 9.83 ▲ 0.10% AMX 22.86 ▲ 0.75% GAP 377.63 ▲ 0.24% ASUR 270.27 ▼ 1.19% OMA 227.95 ▼ 0.33% KOF 180.94 ▼ 0.94% GRUMA 275.86 ▼ 1.64% KIMBER 39.03 ▲ 0.54% SQM-B 66,428 ▲ 2.11% COPEC 6,438 ▼ 1.71% BSANTANDER 79.79 ▼ 0.08% FALABELLA 6,060 ▲ 0.30% ENELAM 84.54 ▲ 0.01% CENCOSUD 1,984 ▼ 1.28% CMPC 1,063 ▼ 0.69% BANCO CHILE 192.30 ▼ 0.62% LATAM AIR 23.57 ▼ 2.16% YPF 83,450 ▲ 1.15% GGAL 8,120 ▼ 1.87% PAMPA 5,685 ▲ 1.07% TXAR 672.00 ▲ 0.60% ALUAR 977.00 ▲ 0.31% TGS 10,080 ▲ 1.77% CEPU 2,421 ▲ 0.41% MIRGOR 16,975 ▲ 0.30% COME 42.95 ▼ 0.44% LOMA NEGRA 3,818 ▲ 0.20% BYMA 294.00 ▼ 0.51% TELECOM ARG 4,315 ▼ 2.38% ECOPETROL 16.76 ▲ 0.39% BANCOLOMBIA 86.09 ▲ 1.68% GRUPO AVAL 4.90 ▼ 2.78% CREDICORP 390.10 ▼ 0.91% SOUTHERN COPPER 187.03 ▼ 4.32% BUENAVENTURA 31.23 ▼ 2.68% MERCADOLIBRE 1,792 ▼ 0.37% NUBANK 14.26 ▼ 1.76% XP 17.08 ▼ 1.27% PAGSEGURO 9.39 ▼ 2.95% STONE 10.99 ▼ 3.30% GLOBANT 30.21 ▼ 1.50% TECNOGLASS 43.97 ▼ 2.76% GAP AIRPORT 215.91 ▼ 0.75% ASUR 270.27 ▼ 1.19% OMA AIRPORT 104.24 ▼ 1.06% AMX ADR 26.03 ▼ 0.34% FEMSA ADR 127.90 ▼ 2.31% CEMEX ADR 12.38 ▼ 2.71% PETROBRAS ADR 19.16 ▲ 1.43% VALE ADR 14.96 ▲ 0.71% ITAU ADR 8.33 ▼ 1.83% SANTANDER BR 5.35 ▼ 1.93% AMBEV ADR 3.09 ▼ 1.59% CSN 1.09 ▼ 0.46% GERDAU 4.77 ▼ 0.10% LATAM ADR 49.70 ▼ 3.05% BTC 64,707 ▼ 2.11% ETH 1,888 ▼ 2.36% SOL 75.97 ▼ 2.49% XRP 1.11 ▼ 3.00% BNB 566.17 ▼ 0.80% ADA 0.17 ▼ 2.87% DOGE 0.07 ▼ 4.58% AVAX 6.42 ▼ 2.98% LINK 8.49 ▼ 1.59% DOT 0.81 ▼ 2.90% LTC 46.53 ▼ 1.15% BCH 212.52 ▼ 3.39% TRX 0.33 ▼ 0.76% XLM 0.18 ▼ 2.58% HBAR 0.07 ▼ 0.71% NEAR 1.88 ▲ 0.43% ATOM 1.43 ▼ 2.29% AAVE 95.93 ▼ 1.47% SELIC 14.25% EMBRAER 83.28 ▼ 0.61% EMBRAER ADR 65.54 ▼ 0.78% JBS 12.04 ▼ 1.76% JBS BDR 61.20 ▼ 0.97% MBRF3 15.93 ▼ 0.62% MBRFY 3.11 ▼ 2.51% INTER 5.47 ▼ 3.86% EGX 53,932 ▼ 0.11% USD/ZAR 16.76 ▲ 2.15% USD/NGN 1,366 ▼ 0.27% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.74 ▲ 0.40% USD/CNY 6.7659 ▲ 0.03% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD 1.1380 ▼ 0.25% GBP/USD 1.3320 ▼ 0.42% SPX 7,419 ▼ 1.07% DJI 51,785 ▼ 0.83% NDX 28,550 ▼ 1.55% RUT 2,936 ▼ 0.82% TSX 35,199 ▼ 0.81% VIX 19.24 ▲ 15.63% USD/CAD 1.4085 ▲ 0.02% US10Y 4.6990 ▲ 0.90%
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Thursday, July 23, 2026

China Defense Monitor

China’s Fighter Jets Take Flight in Global Arms Market

By · October 2, 2024 · 2 min read

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China’s military aircraft industry has made significant strides in recent years, challenging the dominance of traditional powerhouses like the United States and Russia.

The JF-17 fighter jet, co-developed by China and Pakistan, exemplifies this trend. Azerbaijan recently became the fourth country to acquire these aircraft, following Myanmar, Nigeria, and Iraq.

The JF-17 deal with Azerbaijan, worth $1.6 billion, includes not only the aircraft but also training and ammunition. This agreement marks a significant milestone for China’s arms export ambitions.

Pakistan’s military announced the delivery of the first batch of JF-17 Block III fighters during Azerbaijan’s international defense exhibition in Baku.

Azerbaijani President Ilham Aliyev expressed gratitude for Pakistan’s support, highlighting the strengthening of military cooperation between the two nations.

China's Fighter Jets Take Flight in Global Arms Market
China’s Fighter Jets Take Flight in Global Arms Market. (Photo Internet reproduction)
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The JF-17, a 4.5-generation multirole combat aircraft, boasts impressive capabilities for various combat missions. It offers a cost-effective alternative to Western and Russian-made fighters.

This appeal is particularly strong for countries seeking to diversify their military arsenals. China’s success in the arms market extends beyond the JF-17.

China’s Growing Influence in the Global Arms Market

The country has become the world’s fourth-largest arms exporter, accounting for 5.8% of global arms exports from 2019 to 2023.

This growth reflects China’s economic progress and military modernization efforts over the past few decades. Several factors contribute to the appeal of Chinese military aircraft.

They often come at a lower price point compared to Western alternatives. China also shows a willingness to transfer technology and support domestic production in buyer countries.

Additionally, Chinese exports face fewer restrictions than those from Western nations, particularly for systems like armed drones. China has made significant inroads in specific regional markets.

Pakistan remains the largest importer of Chinese arms, while countries in Southeast Asia, Africa, and the Middle East have increased their purchases.

China has even overtaken Russia as the top supplier to Sub-Saharan Africa. Despite these successes, challenges persist for China in the global arms market.

Some countries express concerns about the quality of Chinese equipment and its lack of combat experience. Political sensibilities and pressure from the United States also influence purchasing decisions in certain regions.

Looking ahead, China is likely to continue expanding its share of the global arms market. The JF-17 program demonstrates China’s growing ability to offer competitive alternatives in the combat aircraft sector.

As geopolitical competition intensifies, arms sales will remain a crucial tool for China to expand its global influence. Countries seeking to diversify their arms suppliers may increasingly consider Chinese options in the coming years.

This trend could reshape the landscape of the global arms trade, challenging the long-standing dominance of Western and Russian suppliers.

China’s rise in this sector reflects its broader ambitions to play a more significant role in shaping the international order.

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