Ukraine’s IT services exports dropped to $6.45 billion: declining for the second consecutive year

The volume of IT services exports from Ukraine in 2024 was $6.45 billion, a 4% decrease compared to 2023 ($6.73 billion).

However, in December of the previous year, Ukraine’s IT exports reached $617 million, an increase of $97 million compared to November. Nevertheless, December is traditionally one of the strongest months for this indicator.

In 2022, the IT industry provided a record $7.34 billion in foreign currency earnings to the Ukrainian economy. This marked an increase of $400 million compared to the pre-war year of 2021.

Since at least 2013, Ukraine’s IT services exports had been growing annually, first exceeding the $5 billion mark in 2020 and jumping to $6.8 billion in 2021.

Reference source: http://surl.li/gfydhc7vhdg

 

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