Ukrainian exports grew by 10%: IT sector brought in $530 million monthly

Ukraine's exports grew by 10 percent. IT technologies and the agricultural sector bring the most profit to the country.

This is evidenced by the data of the Opendatabot monitoring service.

According to the National Bank of Ukraine, for 10 months of 2024, the total amount of exports in Ukraine amounted to $46.35 billion, which is 10% more than in the same period last year.

The bulk of exports were made up of goods, which brought in $32.25 billion (70%), and services provided $14.09 billion.

Screenshot: Opendatabot

Food and raw materials for their production accounted for more than 44% of exports, which is 14% more than last year. The metallurgical industry also saw significant growth, up 14% to $3.78 billion.

Despite the growth, exports still remain 29% below the level of 2021.

The share of the IT sector among exported services amounted to 37.7%, while revenues decreased by 4.4% compared to last year, to $5.31 billion. The monthly revenue from IT exports in 2024 is estimated at $530 million.

Screenshot: Opendatabot

In October, Ukraine's exports reached their highest level in 2024. During this month, Ukraine exported goods worth more than $3.8 billion, which is 18.7% more than in September. A significant increase in exports in October was made possible by an increase in the supply of agricultural products. In ten months of 2024, 110 million tons of goods have already been exported.

In the first nine months of 2024, Mykolaiv region exported goods worth USD 663.2 million, down 9.5% compared to the same period in 2023. The goods were exported to 83 countries.

And during the year of operation of the"sea corridor" in the Black Sea, Ukrainian ports received more than 2,300 vessels, where the volume of cargo transportation exceeded 64 million tons. Almost 44 million tons of grain were exported. In the first half of 2024, Ukrainian exporters increased their sales by 35%, reaching the pre-war level of exports.

Since the start of the export corridor, the ports of Odesa, Chornomorsk and Pivdennyi have transshipped 75 million tons. At the same time, 50.1 million tons of these cargoes are products of Ukrainian farmers. Ukrainian goods were exported to 50 countries in all directions - Africa, Asia, Europe and America.

Анна Бальчінос