In November 2023, IT exports increased by 6.6% to $564 million. It brought $35 million more to the Ukrainian economy compared to October. This data is provided by the NBU.
In addition, these figures are 2.8%, or $16 million, less than in November 2022. For 11 months of the past year (January-November), the total export revenue of IT services amounted to $6.1 billion. This represents a decrease of 7.3%, or $482 million, compared to the same period in 2022.
“The year 2023 turned out to be challenging for everyone. The tech industry is no exception. The challenges of a full-scale war have harmed the industry, and we unfortunately see this in the service exports data-. At the same time, the tech sector remains one of the main export-oriented industries. In November, the share of computer services in the total export structure of all services in Ukraine amounted to 39.6%. Understanding the importance of the IT industry for Ukraine’s economy, we have recently presented a comprehensive report IT Research Ukraine 2023: Adaptability and Resilience Amidst War. The study’s results showed a real picture of the IT market, and thus will help businesses and the state to make the right decisions based on accurate data for sustainability and development,” says Stepan Veselovskyi, CEO of Lviv IT Cluster.
The total export revenue of all services in Ukraine in November this year amounted to $1.42 billion, which is $63 million or 4.63% more than in October 2023.
In November 2023, IT exports increased by 6.6% to $564 million. It brought $35 million more to the Ukrainian economy compared to October. This data is provided by the NBU. In addition, these figures are 2.8%, or $16 million, less than in November 2022. For 11 months of the past year (January-November), the total export revenue […]
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