The IT sector contributes $530 million every month

Ukraine’s exports of goods and services in 2024 amounted to $46.35 billion, marking a 10% increase compared to the same period last year.

The majority — 70%, or $32.25 billion — came from goods, while less than a third, $14.09 billion, was from services exports.

Despite gradual growth, the total export volumes still lag behind 2021 levels. Compared to 2021, exports are 29% lower, as they reached $65.15 billion that year.

This year, 44% of Ukraine’s total exports consisted of food products and raw materials for their production, mainly from the agricultural sector. This represents a 14% growth compared to last year.

Exports of metals grew by 14% over the year, reaching $3.78 billion. This sector now accounts for 8% of Ukraine’s total exports.

Overall, the volume of exported goods increased by 12.7% compared to last year. However, it remains 1.6 times lower than in 2021.

The export of services in 2024 amounted to $14.09 billion, marking a 4% increase compared to the previous year. However, it is also 4% lower than in 2021.

The IT sector accounted for 37.7% of all service exports. The revenue earned by Ukrainian IT professionals decreased by 4.4% over the year, totaling $5.31 billion.

This year, IT exports brought in an average of $530 million per month. By comparison, last year, this figure stood at $555 million per month. The most profitable year for IT exports was 2022, with $600 million per month.