What it’s about
Israeli defense exports surged to an unprecedented $13.1 billion in 2023, according to a recent governmental report. This significant growth traces back to an array of contracts secured by various Israeli defense firms.
Why it matters
Defense Minister Yoav Gallant highlighted that defense exports have evolved into a top strategic priority. The Ministry of Defense is leveraging these sales to bolster Israel’s security and strategic relations worldwide, expand into new markets, minimize bureaucratic obstacles, and streamline regulations.
Details
In 2023, around 36% of defense exports stemmed from advanced missile, rocket, and air defense systems. Additional segments included radar and electronic warfare, weapon stations and launchers each contributing 11%, and crewed aircraft and avionics at 9%.
Doubled Exports
The $13.1 billion in exports for 2023 represent a significant increase from the $12.5 billion reported in 2022. Impressively, defense export levels have doubled over the past five years.
Expansion and Collaboration
Defense Minister Yoav Gallant emphasized the dual focus of Israeli industries: “While our industries are primarily focused on providing our defense establishment with the capabilities to support our troops and defend our citizens, they are also continuing to pursue areas of cooperation and exports to international partners.”
The Bigger Picture
The impressive rise in defense exports not only fortifies Israel’s economic standing but also enhances its geopolitical alliances, adding layers of security and strategic cooperation with nations worldwide.
This story was first published on jpost.com.