from the April 2017 issue

Israel reports defense exports of $6.5 billion in 2016

The International Defense Cooperation Directorate of the Israeli Ministry of Defense (SIBAT) published annual export statistics for 2016 on 29 March, showing a 14% rise in value year on year.

Total transfers of military equipment from Israel in 2016 were valued at USD6.5 billion, a notable return to growth following successive declines in 2013 to 2014 and a relatively static year in 2015. However, the figure remains significantly below the country's historic peak of USD7.5 billion in 2012. USD2.6 billion, or 40% of Israel's foreign military sales, were made to countries in the Asia-Pacific region in 2016, with Europe, which accounted for 28%, the next largest recipient.

Reprinted from the Israel High-Tech & Investment Report April 2017

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