Israel Defense Exports Drop: Still Among World’s Top Players

Even though Israeli defense exports are expected to fall by 10% for ‘08, Israel still ranks in the top 10 of global defense exporters. Depending on which list you go by Israel is either in 4th or 8th place. Not bad for a small little country.

According to an article in Globes:

According to figures released by the US Congressional Research Service, Israel was the seventh largest arms exporter during the period 2000-2007 with sales worth an aggregate $10.8 billion. The US topped the rankings with an aggregate $123 billion in sales, followed by Russia with $62.2 billion, France - $29.2 billion, the UK - $25.2 billion, Germany - $12.6 billion, and China - $10.8 billion. In eighth place behind Israel, came Italy with $6.5 billion, followed by Spain with $6.5 billion, and Ukraine with $5.5 billion.

However, Ministry of Defense figures estimate Israel’s total exports in 2000-2007 nearer to $29.7 billion, a figure which places Israel in fourth place behind Russia, France and the US.

Only about 1/7 of Israeli defense sales are made in Israel, meaning that the country continues to gain market share around the world. In an Obama administration where everyone believes defense budgets are going to get cut, Israel may very well benefit as the country focuses on producing very smart technologies and technologies that are aimed at fighting terror, two sectors that should still have strong demand.

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Comment by Dr. Sebastian Uremadu

2008-12-20 15:37:05

That incedible result is good for Israel and it has to keep it up.

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