Israel emerges as leading global arms exporter; names of buyers will surprise you, they are..., India is...
(Representational image: www.newarab.com)
New Delhi: Israel's military exports have set a new record. This record has been made at a time when Israel is fighting wars on multiple fronts simultaneously. According to a new report, Israel has sold more weapons to other countries in 2024 than ever before. Currently, Israel is engaged in a war in Gaza. Meanwhile, it is conducting airstrikes and special military operations in Syria, Lebanon, and Yemen. International pressure is also mounting on Israel to end the war in Gaza. Despite this, the country is not willing to back down and is fiercely combating its enemies.
According to new data from Israel's Ministry of Defense reported by Eurasian Times, Israel's defense exports reached a record $14.8 billion in 2024. This surpassed the previous high of $13 billion in 2023. Israel recorded a healthy year-on-year growth of 13% in arms sales, making it clear that its defense exports have remained unaffected by the growing global criticism and isolation due to the ongoing war in Gaza and allegations of human rights violations, and even genocide.
Israel's Ministry of Defense stated, 'This is the highest figure to date and the fourth consecutive year a new record has been set for Israeli defense exports.' During its longest war, Israel's increasing arms sales stand in stark contrast to Russia, where defense exports have collapsed during the war in Ukraine. Data suggests that Israel may have expanded into some former Russian arms export markets.
The Stockholm International Peace Research Institute (SIPRI) has calculated that from 2019 to 2023, there has been a reduction of less than half in the export of Russian weapons compared to the previous five years.
According to data, Europe is the largest market for Israeli arms exports, accounting for 54% of Israel's defense exports. In 2023, exports of Israeli weapons to Europe were 35%. According to the Ministry of Defense, European countries purchased Israeli military products worth approximately 8 billion US dollars in 2024, while in 2023 it was 4.6 billion US dollars. The main reason for this is the Russia-Ukraine war, as Europe is increasing its defense spending and trying to replenish its dwindling military stockpiles.
The historic deal between Germany and Israel for the Arrow 3 air defense system has made a significant contribution to the sale of these weapons. Israel Aerospace Industries signed a $3.8 billion agreement with Germany for the Arrow 3 missile defense system, making it the largest defense deal in Israel's history.
In Asia, India is a major market for Israeli weapons. According to the SIPRI database, between 2020 and 2024, India was the world's second-largest arms importer after Ukraine. And after Russia and France, Israel was the third-largest arms exporter to India. During this period, Israel supplied 13% of all arms imports to India.
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