Ukraine still needs to catch up to its pre-war export figures.

Analysts note that in 10 months of 2024, Ukraine earned $46.35B from exports of goods and services. Compared to the corresponding period last year, exports increased by 10%. During this time, $32.25B (70%) of the revenue is accounted for by goods and $14.09B (30%) by services exports.

“Despite the gradual growth, total export volumes still do not reach the level of 2021. Compared to 2021, exports are 29% lower, which then amounted to $65.15B,” Opendatabot notes.

The volume of exported goods increased by 12.7% compared to last year, which is still 37.5% less than in 2021. Exports of services this year amounted to $14.09B, 4% more than last year and 4% less than in 2021.

The IT sector accounts for 37.7% of all services exports. The sector’s revenue decreased by 4.4% over the year, amounting to $5.31B. This year, IT exports brought in $530M per month compared to $555M monthly last year and $600M in 2022.