In June of this year, the volume of IT exports decreased by 8.6% and amounted to $512 million. This brought the Ukrainian economy $48 million less than in May. Lviv IT Cluster reports with reference to NBU data.
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Fall in exports
In addition, these figures are 10.6% or $61 million less compared to June 2023 year.
In the second quarter of 2024, IT revenue decreased by $85 million, or 5%, compared to the same period last year. And amounted to $1,617 million. However, its results are slightly higher compared to the previous quarter: by $26 million (1.6%).
Total export revenue of IT services in the first half of this year is about $3.2 billion. This is 5.3% less than in the same period in 2023, which is $169 million in dollar equivalent. The share of computer services in the structure of exports of all services of Ukraine for the first 6 months of the year is 37.9%.
The total export of all services of Ukraine in the first half of 2024 amounted to $8.5 billion. This is 6.2% more than in the same period in 2023.
Recall
Over the past 10 years, the export of Ukrainian IT services has grown annually by 20-30%. In 2023, it decreased by 8.4% – to $ 6.7 billion compared to 2022, when this figure reached a record $ 7.3 billion.
In 2023, the export of Ukrainian IT services amounted to an average of $ 560 million per month, which is almost 9.3% less than in 2022.
Ukraine's main partner countries are the USA, Malta, Great Britain, Cyprus and Israel.
- Economy