In February 2024, the volume of Ukrainian IT export reached $518M
01 April, 2024,
12:58
In February 2024, the volume of IT export from Ukraine amounted to $518 million, according to the report of the National Bank of Ukraine. The number is the second lowest in two years.
- This is $29 million less than in February 2023 ($547 million) and $321 million less than February 2022 ($839 million). The number is the second lowest since the beginning of 2022.
- At the same time, the volume of IT exports of Ukraine increased by $10 million compared to January 2024 ($508 million), which is currently the lowest indicator.
- Export of IT services accounted for more than 37% of total exports from Ukraine in February 2024 – $1,391 million.
| Partner country | The volume of IT services exports in February 2024 (million dollars) | The volume of IT services exports in February 2023 (million dollars) | The volume of IT services exports in February 2022 (million dollars) |
| USA | 184 | 231 | 324 |
| UK | 52 | 38 | 98 |
| Malta | 48 | 43 | 68 |
| Cyprus | 30 | 28 | 33 |
| Israel | 21 | 27 | 46 |
| Switzerland | 21 | 25 | 33 |
| Germany | 17 | 19 | 31 |
| Estonia | 16 | 12 | 12 |
| Poland | 13 | 11 | 9 |
| Canada | 7 | 7 | 21 |
The main partner countries of Ukraine remain the USA, the UK, Malta, Israel, and Cyprus. In general, compared to 2023 and 2024, the volume of exports of IT services to other countries has decreased, but a small increase is visible in the partnership with Poland and Estonia.
In addition, the export of Ukrainian IT services in 2023 amounted to $6.7 billion, which is 8.4% less than in 2022, when it reached a record $7.3 billion.