Key Market Indicators
Israeli weapon imports are projected to climb to approximately $865 million by 2028, up from around $772 million in 2023. This represents an average annual growth rate of 1.8%. Historical data shows that since 1965, Israel's demand for weapons has surged by an average of 9.3% each year. In 2023, Israel ranked 12th globally in weapon imports, with China leading the pack at the same import value of roughly $772 million. Following China, Qatar, Saudi Arabia, and Kuwait secured the second, third, and fourth spots, respectively. On the export front, Israeli weapon exports are expected to reach nearly $821 million by 2028, a slight increase from about $816 million in 2023. This marks a modest annual growth rate of 0.1%. However, since 1969, the country's weapon supply has experienced a yearly decline of 6.2%.
