Export of IT services totals $7.3 billion in 2022 – IT Ukraine

1 February, 02:06 PM
The volume of Ukrainian IT exports increased by $400 million compared to 2021 (Photo:Tim Gouw\Unsplash)

The volume of Ukrainian IT exports increased by $400 million compared to 2021 (Photo:Tim Gouw\Unsplash)

Exports by Ukraine’s IT industry earned $7.34 billion for the Ukrainian economy in 2022, the IT UkraineAssociation reported on Jan. 31, referring to data from the National Bank of Ukraine.

According to the agency, the industry’s volume of exports export increased by $400 million compared to the pre-war year 2021.

“The figure of more than $7 billion from the export of IT services is also a unique one, because of it being the largest indicator in the entire history of the Ukrainian IT industry’s existences,” said Konstantin Vasyuk, the executive director of the IT Ukraine Association.

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“And it was achieved even during a (full-scale) war.”

Vasyuk added that such indicators had been expected for the IT export sector, as companies have been successfully implementing measures to support business continuity and creating conditions for the safe work of IT professionals.

As of Jan. 1, 2023, the amount of taxes and fees paid by the IT business to the consolidated budget of Ukraine was UAH 32.2 billion ($880.5 million). This figure is UAH 4.4 billion ($120.3 million) or 16% more than the previous year.

At the same time, the number of self-employed taxpayers providing IT services also increased.

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