Israeli arms exports hit record in 2023

June 18, 2024

Israeli arms exports have doubled within the past five years….reports Asian Lite News

Israel’s defence exports reached a new record high last year, according to official figures.

The Defence Ministry said on Monday that Israeli arms exports amounted to the equivalent of about $12.9 billion in 2023 — the third year in a row that arms exports had broken records.

Israeli arms exports have doubled within the past five years.

Defence Minister Yoav Gallant said: “Israel continues succeeding in its international cooperation and industrial defence exports even during a year marked by war.”

According to the Ministry, 36 per cent of the revenue came from agreements in the field of missile and air defence systems.

Nearly 48 per cent of arms exports went to the Asia-Pacific region, 35 per cent to Europe and nine per cent to North America. Smaller percentages went to Latin America and to Arab countries with which Israel recently signed the so-called Abraham Accords, and to Africa, which accounted for just one per cent.

Germany has purchased the very long-range missile defence system Arrow 3 from Israel, which is due to be delivered in 2025.

Israel’s exports in 2023 are similar to Germany’s arms exports over the past year.

ALSO READ: Biden’s adviser travels to Israel for meetings

Previous Story

Biden’s adviser travels to Israel for meetings

Next Story

Von der Leyen tipped for nod, as EU leaders haggle over top jobs

Latest from -Top News

Dubai Lands in London!

Dubai opens its first international hub in London, offering streamlined services for investors, boosting UK-UAE ties, and cementing the emirate’s global business

Arab unity rises for Syria

Arab and allied foreign ministers issued a unified rebuke of Israel’s strikes on Syria, pledging support for Damascus, backing reconstruction, and warning

Don't Miss