IT was the only export sector that showed growth in 2022.

For the last 11 months of 2022, the export of goods and services fell by 29% – from $73.2B to $52.2B. The export of goods decreased the most, by 34%, and though it also declined, the export of services suffered less and decreased by 11%. Compared to last year, the share of services export increased from 22% to 28%, reports Opendatabot. A small percentage of the decline in services export was compensated by growth in IT sector in 2022. In November alone this segment grew by 8%. In total, for 11 months, the IT sector earned at least 7% more from exports than in the corresponding period last year: $6.6B against $6.2B. The share of IT in the export of goods and services increased from 8% last year to 13% in 2022. Thus, the IT sector share is 45% of all service exports.