IT Export Volume in November 2022 Increased by 8.4%

For the first time in two months, the volume of Ukrainian IT exports has increased.

  • In November 2022, the export revenue of IT services increased by 8.4% and brought in $45 million more compared to October. However, compared to 2021, the export volumes in November were still 14% lower than in the same month in 2021.
  • According to the National Bank of Ukraine, in November, the export of computer services still made up almost half of the structure of total service exports – 44.3%. This is 5.4% more than the previous month.
  • Overall, for the 11 months of 2022, the share of IT exports is 45.3%, which is 7.9% more than for the same period in 2021.
  • In addition, from January to November 2022, IT services exports increased by 7.3% and brought in over $6.5 billion, exceeding the 2021 figure by $447 million. At the same time, total service export revenue for this period decreased by 11.5% compared to 2021.

Read more via Lviv IT Cluster

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