Bucking the world recession, Ukraine’s IT exports increased by 20% yoy, to $5 billion

Bucking the world recession, Ukraine’s IT exports increased by 20% yoy, to $5 billion, according to new figures from the National Bank of Ukraine. IT now accounts for 8.3% of total exports, putting it in fourth place after food, metals, and migrant labor. In 2013, IT accounted for 1.3% of Ukraine’s exports. “Ukraine has earned a reputation in recent years as one of the world’s leading IT outsourcing destinations, but many feel it is time for the country to move up the tech food chain,” Peter Dickinson writes in an Atlantic Council blog: “Ukraine’s Booming IT Sector Defies the Coronavirus Crisis.”