According to Defense Ministry figures released Monday, Israeli arms sales in 2023 hit a new record of $13 billion, nearly double the value from five years ago.
SIBAT, the ministry's International Defense Cooperation Directorate, reported this increase from the previous record high of $12.5 billion in 2022. Between 2018 and 2020, exports ranged between $7.5 billion and $8.5 billion.
Annual Israeli arms sales reached a new record in 2023, for the third consecutive year, amounting to nearly double the value of exports compared to five years ago, according to Defense Ministry figures released Monday.
The ministry’s International Defense Cooperation Directorate, known as SIBAT, said defense exports totaled $13 billion last year, up from $12.5 billion in 2022 — the previous record high. Between 2018 and 2020, that number hovered between $7.5 billion and $8.5 billion.
“Despite the war, 2023 amounted to a new record and was characterized by significant export deals,” the ministry said.
Air defense systems dominate Israeli exports, accounting for 36%. This increase from 19% in 2022 was driven by Israel's €4 billion sale of the Arrow 3 anti-ballistic missile system to Germany.