Friday, June 16, 2023
Elder of ZiyonIsrael 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.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.
Charts released by Israel's Defense Ministry indicate that while sales have been increasing steadily throughout the years, the Abraham Accords partners have fueled the large rise in 2022.
2023 looks to be even better, as Germany is signing a $4.3 billion agreement to buy Israeli Arrow-3 missile defense systems - a higher amount than all of Europe purchased from Israel in 2022 - and the Russia/Ukraine war is making many European nations nervous.
It looks like the UAE accounts for most of the arms sales to Arab countries, although Morocco also is buying Israeli defense tech.
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