The Jewish state did more than $14.7 billion worth of deals in 2024, a 13% increase over the previous year.
Israel set its fourth consecutive yearly record for defense exports in 2024, with over $14.7 billion worth of deals, the country’s Defense Ministry announced on Wednesday.
According to the ministry, the figure represents a 13% increase over the previous year. More broadly, defense exports have more than doubled over the past five years.
Notably, more than half of last year’s deals were valued at over $100 million, and 54% of the agreements were with European countries, compared to 35% in 2023.
The previous year also saw a notable increase in the export of missiles, rockets and air defense systems, which accounted for 48% of total deal volume, an increase from 36% in 2023.
The report was presented to Israeli Defense Minister Israel Katz, who attributed the achievement to the Jewish state’s recent military successes in its multi-front war.
“The world sees Israeli strength and seeks to be a partner in it. We will continue strengthening the IDF and the Israeli economy through security innovation to ensure clear superiority against any threat—anywhere and anytime,” said Katz.
Image - Director General of the Israeli Defense Ministry, Maj. Gen. (Res.) Amir Baram (right), and Head of the Defense Ministry's International Defense Cooperation Directorate, Brig. Gen. (Res.) Yair Kulas (left), present the 2024 defense exports report to Israeli Defense Minister Israel Katz at Defense Ministry headquarters in Tel Aviv, Israel, on June 4, 2025. Credit: Israel Defense Ministry.