June 18, 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 to Approve ‘Resolve Tibet Act,’ Confirms McCaul in Dharamshala

Next Story

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

Latest from -Top News

Trinidad Eager to Deepen Ties with India: Envoy

Trinidad and Tobago, home to a large Indian-origin population—many of whom are now in their fifth and sixth generations—offered a unique cultural resonance to the visit….reports Asian Lite News Prime Minister Narendra

Labour peer David Lipsey found dead

In the House of Lords, Lord Lipsey was known for his dedication to social justice and his commitment to improving the lives of others The Labour peer, Lord David Lipsey, has been

UK Space Agency set to clean up space debris

Efforts to clean up space debris mark a pivotal step in the UK’s efforts to protect vital space infrastructure and ensure the long-term safety of the orbital environment The UK Space Agency

UK shuts both its Afghan resettlement schemes

According to the Ministry of Defence, the Afghan Relocations and Assistance Policy has fulfilled its initial objective of supporting Afghans who worked alongside the UK military The government has announced the closure
Go toTop

Don't Miss

Israel-Hamas conflict divides opinion in Africa

While Algeria declared “full solidarity with Palestine” early on in

‘Israel’s judicial overhaul could set fire to Middle East’

The proposed judicial curns in Israel means discriminate against Arabs,