Ukraine's IT exports amounted to $566 million in August, down 9% from last year
The United States and Malta provide Ukraine with the largest foreign exchange earnings in this industry
In August of this year, the volume of IT exports is 8.9% or $55 million less than in August 2022. At the same time, these figures are 1.3%, or $7 million, higher than in July 2023 and amount to $566 million.
Source. These data are provided by the NBU, cited by dev.ua.
According to the Lviv IT Cluster, for 8 months of this year (January-August), the total export revenue of IT services amounted to $4.5 billion. This is 8.2% less than in the same period in 2022, which is $403 million in dollar terms.
The share of computer services in the overall structure of exports of all services in Ukraine in August amounted to 40.5%. This is 8% less than last year, when it was 48.6%.
In August, Ukraine's total exports of all services increased by 1.1% to almost $1.4 billion, which is $15 million more than in July.
Among the revenues from abroad, the United States provides the largest foreign exchange earnings for computer services to Ukraine. Over the first 8 months, it amounted to $1.8 billion, which is 39.3% of all IT exports. In August alone, the United States provided $217.9 million in revenues.
Malta is in second place with 8.9% and $399 million, followed by the United Kingdom, which is in third place. The United Kingdom brought in $374.7 million in revenues to Ukraine, which is 8.3%.
The top five also includes Cyprus and Israel, which account for 5% ($225.2 million) and 4.4% ($197.5 million) of IT services exports, respectively. In August, Cyprus provided $30.3 million, and Israel – $24.4 million.
Background. Read more about why Ukrainian creative products are in demand in the world in Mind's article "Export of creative industries is the key to the development of the Ukrainian economy".
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