The Israel Ministry of Defense on Monday said the country sold $7.2 billion worth of weapons last year, representing a downward trend.
The ministry’s International Defense Cooperation Directorate (SIBAT) said defense exports hit a report high of $9.2 billion in 2017 and then reduced to $7.5 billion in 2018. Mega sale in 2017 was due to India’s purchase of Barak air defense systems for $1.6 billion. The deal included provision of missiles, launchers, communications devices and command, control and radar systems.
The Asia-Pacific region remained the largest purchaser of Israeli defense goods, buying 41% of total exports, followed by Europe at 26% and North America at 25%. Africa and Latin America each accounted for 4% of weapons acquisition.