What is Israel’s largest defense company?
Elbit is Israel’s biggest arms manufacturer, with a turnover of almost 7 billion dollars in 2024. Israel has a technologically advanced free market economy. Cut diamonds, high-technology equipment, and pharmaceuticals are among its leading exports. Its major imports include crude oil, grains, raw materials, and military equipment.The United States is the largest supplier of military equipment to Israel, accounting for approximately 69% of Israel’s major conventional arms imports between 2019 and 2023.The EU is Israel’s largest trading partner, and its total trade with Israel in 2024, including imports and exports, amounted to €42.Israel has a technologically advanced market economy with cut diamonds, high-technology equipment and pharmaceuticals among its major exports. The country is very highly developed in terms of life expectancy, education, per capita income and other human development index indicators.