IT Export Turnover Decreases by 7%, but Still Remains Higher than in 2021

 According to the statistics on 10 months of 2022, the export of IT services grew by 9.9% compared to last year, and brought in more than $6 billion in revenue, surpassing the 2021 figure by $542 million. The export of IT services remains one of the few areas that continue to thrive despite war.

  • In 10 months of 2022, the total export of Ukrainian IT services decreased by 10.8% compared to the corresponding period last year. Negative trends are also observed in the IT sector, with negative indicators prevailing for the second month in a row.
  • According to the NBU, compared to September, the export turnover of IT services decreased by 7.4% in October. This means that the industry received $43 million less ($535 million).
  • At the same time, due to a certain reduction in other export services, IT services still make up a significant part of the export structure — 43.8%. This is 5.7% more than last year.

Read more via Lviv IT Cluster 

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