2012 record breaking year for arms export - Israel News, Ynetnews
 
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Iron Dome Photo: AFP
Iron Dome Photo: AFP
 
 

2012 record breaking year for arms export

Weeks after budget cuts, Defense Ministry reveals Israel's arms export totaled $7.4 billion last year

Yoav Zitun
Published: 07.23.13, 14:43 / Israel News

Israel's export of defense-related products registered an all time record in 2012 totaling $7.4 billion, compared to $5.8 billion in 2011, according to Defense Ministry data.

 

The main export destinations were markets in Asia and the Pacific Ocean. The two most lucrative deals were the sale of a satellite and advanced spy planes to Italy.

 

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Shmaya Avieli, head of the Foreign Defense Assistance and Defense Export Department estimated that export in 2013 will total some $4.3 billion adding that Israel is considering new deals with Turkey. "We never halted transactions with Turkey," he said.

 

Despite the surge in export, 2012 saw a decrease in the revenues of small and medium industries which totaled $500 million.

 

According to the Defense Ministry, this is the result of a global trend of growing reliance on local industries, particularly in Asia and South America.

 

The defense establishment admitted to difficulties in marketing various components of the Iron Dome system. "We are making efforts to market them as well as a system that intercepts anti-tank missiles. We have to be patient," Avieli said.

 

 

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