Israel reports record $12.5 billion defence exports, 24% of them to Arab partners
ReutersJune 13, 20233:32 PM GMT+3Updated 2 hours ago
An assembly line of Unmanned Aerial Vehicle (UAV) is seen at the offices of state-owned Israel Aerospace Industries (IAI), the country's biggest defence contractor, next to Ben Gurion International airport, near Or Yehuda, Israel February 27, 2017. REUTERS/Baz Ratner/File Photo
JERUSALEM, June 13 (Reuters) - Israel exported a record $12.556 billion in defence products last year, with new Arab partners under the U.S.-sponsored 2020 Abraham Accords accounting for almost a quarter of the business, the Defence Ministry said on Tuesday.
It said the 2022 figures marked a 50% increase over the previous three years and a doubling in volume over the previous decade. Drones accounted for 25% of the 2022 exports and missiles, rockets or air defence systems for 19%, it said.
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Without naming specific clients, the ministry said 24% of defence exports were to Abraham Accords countries. United Arab Emirates and Bahrain were signatories to those accords, and Israel often counts Morocco and Sudan as part of them as well.
Asia and the Pacific accounted for 30% of Israeli defence exports, Europe for 29% and North America for 11%, it said.
Israel reports record $12.5 billion defence exports, 24% of them to Arab partners
Israel exported a record $12.556 billion in defence products last year, with new Arab partners under the U.S.-sponsored 2020 Abraham Accords accounting for almost a quarter of the business, the Defence Ministry said on Tuesday.
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