Ukraine’s export of IT services exceeded $5 billion for the first time

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IT services

In 2020, Ukraine’s export of IT services exceeded USD 5bn a year for the first time, as well as exports of transport services and mineral products. This is according to the NBU data on external accounts and foreign trade, given in the presentation of the Better Regulation Delivery Office (BRDO).

According to the NBU, Ukraine’s total exports decreased by 4.6% in 2020. Both exports of goods and services also decreased.

At the same time, IT industry exports increased by USD 853m, or more than 20% per year. Thus, the share of computer services in total exports reached 8.3%.

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