Despite American production ranging from 5.5 million to 11.5 million firearms each year in the past decade, the U.S. also imports millions of guns each year. And in recent decades, handguns have made up the bulk of firearms imported to the U.S. from overseas. According to the Bureau of Alcohol, Tobacco, Firearms, and Explosives, of the 48.8 million foreign-made firearms sold in the United States from 2010 to 2020, close to two thirds were handguns. (Here is a look at America’s top pistol companies.)
Gun manufacturing is a specialized industry that exists in a relatively limited number of countries. And the countries that can do it well enough, or cheap enough, to generate demand in the United States, are even fewer.
Using data from the ATF’s National Firearms Commerce and Tracking Assessment report, 24/7 Wall St. identified the countries Americans are buying the most handguns from. The 10 countries on this list account for 97% of all foreign-made handguns shipped to the U.S. between 2010 and 2020.
These countries span three continents: Europe, South America, and Asia. Some are home to large and reputable gun manufacturers. Others are home to lesser-known companies that more recognizable American companies have outsourced manufacturing to.
Demand for handguns in the United States has surged as gun restrictions have eased in much of the country. Since 2010, nearly two dozen states have enacted laws allowing gun owners to carry firearms in public without a permit. And every year since, handguns have been the most popular firearm in the country, both in terms of domestic production and international imports. (Here is a look at the law for carrying firearms in public in every state.)
Click here to see the countries Americans buy the most handguns from.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Source: Read Full Article