Gun Boom Not Just Good For American Companies

(AP Photo/Elaine Thompson)

America has gone nuts for firearms and anything related to firearms. Now, it’s hard to even find guns for sale, much less have enough of a selection that you can afford to be picky about what you find. At least, that’s true in some places.

Yet on the plus side, American gun companies are doing quite well. They’re definitely over the “Trump Slump.”

The thing is, though, it’s not just American companies benefitting.

Turkish defense and aviation exports to the United States have surged by 56% during the January-April period of this year, data by an industry trade body showed Monday.

The domestic demand for weapons and ammunition in the U.S. has increased on the expectations that the new administration led by Joe Biden would limit armaments.

The COVID-19 pandemic, also contributed to the demand as it increases people’s security anxieties in a world where unemployment and social and economic problems have been on the rise.

All these developments, however, reflected positively on the sector’s foreign sales.

According to the data by the Turkish Exporters Assembly (TIM), the Turkish defense and aviation industry exported products worth $949.7 million (TL 8.19 billion) abroad in the first four months of the year, up 47.7% from the year before. The U.S. took the lion’s share with imports worth $386.1 million.

Now, this would be bad news if American companies were struggling to sell their own weapons, but they’re not. The Turkish manufacturers are simply meeting demand that would otherwise go unanswered.

While that doesn’t help companies like Ruger or Smith & Wesson, it does help the local gun stores which sell those goods. They make their money, customers get the goods they need, and everyone is happy.

Well, except for anti-gunners who want all of us to be disarmed and to put all those workers in the firearm industry–not just in the US but also in other nations like Turkey–out of work.

The question is, though, whether buying from a country like Turkey is a good idea. I tend to prefer American-made stuff these days, but can people rest easy knowing they bought from another nation, especially a country with issues like Turkey?

I’d say yeah, you can.

First, as noted, it’s not like American companies aren’t having trouble keeping up with demand. You buying a box of ammo from another country when you can’t get it from Remington isn’t something you should feel bad about. It might be different if you had plenty of choices and someone might go hungry because people weren’t buying the American-made stuff, but that’s simply not the case.

Second, free markets generally lead to free people, so if you don’t like the Turkish government, look at buying ammo from there as an act of undermining the nation’s leadership.

Regardless, I have a feeling that a lot of countries aren’t going to be too fond of further gun control actually passing. Sure, they love the increased demand, but if people lose their guns, these other nations lose billions in exports. That’s something President Biden may want to consider since he tends to look at things globally anyway.