Israel major arms supplier to Morocco, Philippines

King Mohammed VI of Morocco  credit: Reuters - DNPhotography/ABACA
King Mohammed VI of Morocco credit: Reuters - DNPhotography/ABACA

According to the latest SIPRI report, Israel share of global arms exports declined in 2019-2023, while Italy, Turkey and Iran gained share significantly.

Israel’s share of the global trade in arms is declining, even though its arms exports have grown in absolute terms in recent years. This emerges from the annual report on the arms trade by the Stockholm International Peace Research Institute (SIPRI), released this week. At the same time, the data show that Israel has become a significant supplier of arms to the Philippines and Morocco.

In the period 2019-2023, Israel was the ninth largest arms exporter in the world, but its share of global defense exports fell to 2.4%, from 3.1% in the period 2014-2018. In the report for 2022, which examined the period 2018-2022, Israel was in 10th spot. In the 2019-2023 period, Turkey’s share of the global defense market more than doubled, to 1.6%, from 0.7% in 2014-2018, and it reached 11th place. Italy jumped to 6th place, after its share of the market rose from 2.2% to 4.3%.

US leads, Russian exports halved

The US remains the world’s largest arms exporter, by a wide margin, with a 42% share of global arms exports in 2019-2023, up from 34% in the previous period. France is in second place, with an 11% share, up from 7.2%. By contrast, arms exports by third placed Russia halved in comparison with the previous period. Its invasion of Ukraine in 2022 compelled it to divert arms production to its own needs.

China is in fourth place, with a 5.8% global share, similar to its share in the previous period, with 61% of its arms exports going to Pakistan. Israel’s main export destinations are much more diverse: 37% to India, 12% to the Philippines, and 8.7% to the US.

Also above Israel are Germany, Italy (as mentioned), the UK, and Spain, while just below it are South Korea, Turkey, the Netherlands, and Sweden.

The data on imports reveal some surprising numbers. According to the SIPRI report, Israel is the third largest supplier of arms to the UK (2.7%), the second largest to the Philippines (28%), and, most intriguingly, the third largest to Morocco (11%). Morocco has stepped up its imports from Israel considerably since the signing of the Abraham Accords in December 2020.

Israel’s own arms imports were 5.1% higher in 2019-2023 than in 2014-2018. The main sources were the US (69%) and Germany (30%). Israel accounted for 2.1% of global arms imports in 2019-2023, just 0.1% more than in the previous period, putting it in 15th place. Turkey, which has been expanding its domestic arms productions, fell from a 2.5% share of global arms imports to 1.6%.

Despite the quantities of arms and ammunition that the US has transferred to Israel since the start of the Swords of Iron war, the total value of Israel’s arms imports in 2023 was similar to the total for 2022. The report states that, at the end of last year, Israel was awaiting delivery of 61 combat aircraft from the US, and four submarines from Germany. According to SIPRI’s figures, in the period 2019-2023, the US supplied arms to 107 countries, with four of the ten leading recipients being in the Middle East: Saudi Arabia (15%), Qatar (8.2%), Kuwait (4.5%), and Israel (3.6%).

Total arms imports by Middle Eastern countries fell by 12% in 2019-2023 in comparison with the previous five years, but remained high, because of Egypt, and even more so Saudi Arabia and Qatar, which take second and third place worldwide. In 2019-2023, Saudi Arabia bought 67 combat aircraft and hundreds of ground-to-ground missiles from the US. Qatar bought 36 combat aircraft from France, a further 36 from the US, and 25 from the UK. It also bought four frigates from Italy.

Ukraine war boosts Iran’s exports

Predictably, Ukraine stands out in the global arms imports figures. Its imports shot up by 6,633%, accounting for 4.9% of the global total, and taking it to fourth place, just behind Qatar. 39% of Ukraine’s arms imports in 2019-2023 came from the US, 14% from Germany, and 13% from Poland. The war in Ukraine prompted a 94% rise in arms imports by European countries.

For its part, Russia imported arms from North Korea and Iran. Iran is in 25Th place for arms exports, accounting for 0.2% of the global total. The war in Ukraine boosted its arms exports in 2019-2023 by 276% in comparison with 2014-2018, with 76% of the total going to Russia, 16% to Venezuela, and 7.4% to the Houthi rebels in Yemen.

Published by Globes, Israel business news - en.globes.co.il - on March 13, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

King Mohammed VI of Morocco  credit: Reuters - DNPhotography/ABACA
King Mohammed VI of Morocco credit: Reuters - DNPhotography/ABACA
Africa Israel Residence CEO Ronit Eshed Levy credit: Cadya Levy "Jewish communities abroad want to move together to Jerusalem"

Africa Israel Residence CEO Ronit Eshed Levy told the Globes Going Long on Israel investment conference about urban renewal in Jerusalem.

Arkia aircraft credit: Arkia Arkia to introduce business class on New York flights

For the first time in its history Arkia will operate business class with round-trip Tel Aviv New York tickets starting from $3,500.

Knesset passes 2025 budget credit: Noam Moskovitz Knesset Spokesperson Knesset approves 2025 state budget

The NIS 620 billion budget has ballooned by NIS 100 billion and will rely on a fiscal deficit of 4.9% of GDP.

Tel Aviv Stock Exchange  credit: PR Volumes peak on Tel Aviv Stock Exchange

Greater optimism in Israel and a shift away from US markets have brought trading volumes in Tel Aviv to a historical high, but will the trend be sustained?

Volkswagen credit: PR VW announces huge collaboration with Mobileye

A new advanced driving assistance system will be installed in millions of cars annually.

Navina founders Ronen Lavi and Shay Perera credit: Eyal Izhar Israeli clinical AI co Navina raises $55m

Navina equips clinicians and care teams with real-time, data-driven insights that improve the quality of care and financial outcomes.

Yoni Assia  credit: eToro PR Trading platform eToro set for IPO

The company has filed a prospectus with the SEC, showing that its revenue tripled in 2024, with 96% deriving from crypto trading.

Minister of Finance Bezalel Smotrich and Minister of Transport Miri Regev  credit:  Marc Israel Sellem, The Jerusalem Post Deal: Gush Dan congestion charge for Kiryat Shemona railway

Miri Regev is close to final agreement with the Ministry of Finance on funding for her pet project in return for removal of her objection to the congestion charge.

Nakash brothers credit: Aviv Hoffi Nakash brothers set to dissolve Israel partnership

Avi Nakash has fallen out with Joe and Rafi Nakash over his claims that former CEO Avi Hormaro stole rights in the Group's companies, which include Arkia, the Orchid hotel chain and Ampa.

Air Haifa  credit: ATR Paphos ban for Israeli airlines continues to May

Air Haifa has postponed the launch of its Haifa-Paphos route until May 1, signaling that the security ban on Israeli airlines using the Cypriot airport will continue in April.

ONE ZERO CEO Eyal Gafni credit: Cadya Levy One Zero CEO: Outdated fees can be avoided with simple awareness

Eyal Gafni told the Globes "Going Long on Israel" Conference that with higher awareness the public can stop keeping their money in current accounts with zero returns.

Shekels credit: Shutterstock Vladerina32 Shekel rebounds on volatile forex market

Without a further trigger, such as an escalation on the security front or a further deterioration in political stability, there is no expectation in the market for foreign exchange turmoil.

Ishay Davidi credit: Cadya Levy FIMI CEO: Foreign investors flocking back to Israel

Ishay Davidi told the Globes "Going Long on Israel" Conference that investors who pulled out of Israel after October 7 have begun returning in large numbers.

Yali Rothenberg  credit: Cadya Levy Accountant General: No prospect of rating upgrade

Ministry of Finance Accountant General Yali Rothenberg sees 2025 as a stabilizing year for Israel's debt:GDP ratio.

Wix Credit: PR Wix employees gain $102m on options

The intrinsic value of options exercised by Wix employees in 2024 rose to $102 million from $19.5 million in 2023.

Tel Aviv Stock Exchange credit: Shutterstock Tel Aviv stocks: Rebound or long slide?

Statistics show a two-thirds chance of high returns after a steep one-day fall. Yields on Israel government bonds are rising sharply.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018