
Israel’s arms exports hit record $14.8 billion in 2024, defense ministry reports
Israel exported a record $14.8 billion in arms in 2024, according to a report carried by Interfax.RU, which cited Israeli media reporting on Wednesday with reference to Israel’s Ministry of Defence, including The Times of Israel. The figure is 13 percent higher than in 2023, as reported in the same communication.
The report said that more than 50 percent of export contracts in 2024 were awarded to European countries, up from 35 percent a year earlier. The source attributes the surge in European demand to a changed security situation in the world. Asia and the Pacific accounted for 23 percent of exports, and North America for 9 percent.
Israeli air defence systems were of particular interest to buyers, according to the report. Nearly half of all export contracts, 48 percent, involved such systems, which the report named as including Iron Dome. That share was significantly higher than the 36 percent of contracts involving such systems that the report said were recorded in 2023.
The report placed these figures within a wider global trend. The Stockholm International Peace Research Institute (SIPRI), in a report published in April, said that 2024 recorded the sharpest increase in defence spending worldwide since the end of the Cold War, at 9.4 percent. In a statement quoted in the source, SIPRI said that world defence spending reached $2.718 trillion in 2024, an increase of 9.4 percent in real terms over 2023 and the largest increase since at least the end of the Cold War in the previous year.
SIPRI also reported that defence spending rose in all regions, most sharply in Europe and the Middle East. Sales by Israeli exporters, as described in the Ministry of Defence figures, are one part of that larger picture, and the source does not detail individual companies or the terms of specific contracts. Weapons trade carries a particular responsibility for those who profit from it, a matter of accountability for much given (Luke 12:48).
Source: Read the original report (translated from Russian)