Ukrainian IT Service Export Grows Despite the War

by Olha Povaliaieva
Saturday, October 8, 2022
1 MIN
Ukrainian IT Service Export Grows Despite the War

The export of IT services increased by 16% over the 10 months of the year

The IT industry continues to grow rapidly, including developing abroad. Thus, IT services account for almost half of the total services exports in 2022. During the 8 months of the current year, its exports grew by 16% compared to last year's period. In the figures, the indicator of its goods and services exports is $4.9 billion. Recall that Ukrainian experts in the field of information technology are the leading contenders for successful development abroad.

The military situation and the constant attacks of Russian troops have an impact on export indicators. Thus, over the 8 months of the war, services exports decreased by 6%. Last year, over the 10 months of the year, Ukraine exported $11.4 billion. This year, the country exported goods by only $10.7 billion. Experts note that the decline was due to a decrease in metal exports. However, some indicators continue to grow despite nothing.

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