Germany doubles arms exports to Ukraine, halves them to Israel in 2024

investing.com 18/12/2024 - 17:08 PM

Germany's Arms Exports in 2023

BERLIN (Reuters) – The German government has doubled its arms exports to Ukraine this year and halved them to Israel compared to 2023, data from the economy ministry showed on Wednesday.

Ukraine, as the main recipient country, will have received weapons and other military equipment valued at 8.1 billion euros ($8.48 billion), up from 4.4 billion euros last year.

Germany has approved arms exports worth 13.2 billion euros this year, according to provisional data from the ministry running until December 17.

Export approvals for Israel have dropped to 161 million euros, coinciding with a legal challenge by human rights groups concerned about the potential use of weapons in the Gaza war.

Last year, Germany approved arms exports to Israel worth 326.5 million euros, including military equipment and war weapons, marking a 10-fold increase from 2022, according to data from the economy ministry, which approves export licenses.

Arms exports are always subject to a case-by-case review by the government. Deliveries worth 1.2 billion euros were approved for Singapore and just under 559 million euros for Algeria. Turkey received 230 million euros in arms exports.

($1 = 0.9547 euros)




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