Today: 1 July 2025
18 June 2024
1 min read

Israeli arms exports hit record in 2023

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

Trump Ends Syria Sanctions

Syria has been designated a State Sponsor of Terrorism by the United States since December 1979…reports Asian Lite News US President Donald Trump signed an executive order terminating Syria sanctions, according to

India’s Growth Defies West Asia Tensions

The deepening crisis in West Asia, particularly between Israel and Iran, has had little to no visible impact on India’s economic trajectory or its export performance….reports Asian Lite News The limited trade

UAE credit soars to the top

S&P Global, Moody’s Investors Service, and Fitch Ratings — have all assigned strong sovereign credit ratings to the UAE In a strong show of confidence in the United Arab Emirates’ economic resilience
Go toTop

Don't Miss

Israeli Ambassador Accuses UN Secretary-General of Bias

Gilad Ergan said that the Secretary-General decided to activate this

US govt tells Israel is free to make decisions on Iran

Blinken says that Iran’s steps posed a challenge and a