Thursday, July 18, 2024

Israeli arms exports hit record in 2023


Share post:



Tel Aviv, June 17:  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.



Related articles

Meghalaya Nuggets

ED attaches assets worth Rs 7.56 cr in CMJ varsity degree fraud case SHILLONG, July 17: The Directorate of...

Racist, discriminatory remarks by Argentina players

French federation files complaint Paris, July 17: The French football federation pledged to file a complaint with FIFA over...

National Nuggets

Woman talking over phone on terrace falls to death NAGPUR, July 17: An 18-year-old woman died after falling off...