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Israel's Defense Exports Hit Record $14.8 Billion in 2024

6/4/2025

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Summary

Story summary

In 2024, Israel's defense exports soared to an unprecedented $14.8 billion, marking a 13% rise from the previous year. With Europe purchasing 54% of these exports, the surge is fueled by escalating defense budgets due to the Russia-Ukraine war. Notably, air defense systems dominated the market, making up 48% of sales as global demand for Israeli military technology intensifies amidst ongoing conflicts.

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Story summary

In 2024, Israel's defense exports soared to an unprecedented $14.8 billion, marking a 13% rise from the previous year. With Europe purchasing 54% of these exports, the surge is fueled by escalating defense budgets due to the Russia-Ukraine war. Notably, air defense systems dominated the market, making up 48% of sales as global demand for Israeli military technology intensifies amidst ongoing conflicts.