In 1950, just two years after the state of Israel was founded, the country’s first commercial delegation set off for South America.
Israel desperately needed trading partners. Unlike its Arab adversaries, Israel did not have natural resources to fund its economy. There was no oil or minerals. Nothing.
The delegation held a couple of meetings but was mostly met with laughs. The Israelis were trying to sell oranges, kerosene stove tops and fake teeth. For countries like Argentina, which grew its own oranges and was connected to the electrical grid, the products were pretty useless.
It’s hard to imagine this is what Israeli exports looked like a mere 67 years ago. Today, Israel is a high-tech superpower and one of the world’s top weapons exporters with approximately $6.5 billion in annual arms sales.
Since 1985, for example, Israel is the world’s largest exporter of drones, responsible for about 60 percent of the global market, trailed by the US, whose market share is under 25 percent. Its customers are everywhere — Russia, South Korea, Australia, France, Germany and Brazil. Read more