It is easy to lead with the hard numbers, so let us do exactly that — because in Ukraine's case they tell an encouraging story. After peaking at a record $7.3 billion in 2022, IT services exports dipped to roughly $6.7B in 2023 and about $6.4B in 2024 (a 4.2% decline, per National Bank of Ukraine data). In 2025 the trend reversed: exports returned to growth at approximately $6.66 billion, up around 3.3%, with December 2025 the single strongest month on record.
Stabilisation, in the middle of a war
Context matters. This recovery happened while the country was under sustained attack on its power grid and infrastructure. Firms kept delivering by equipping development centres with generators and Starlink, and they held onto — and won new — international clients. IT is now Ukraine's largest services export (around 42% of all services exports) and its second-largest export overall at roughly 12.3%.
The talent base is holding
Just as telling as revenue is the human side. Industry research (DOU) found the sector's talent outflow slowed to its lowest since the full-scale invasion — a net loss of about 2,000 specialists in 2024, down from roughly 10,000 in 2023. Ukraine's IT industry also paid a record $1 billion+ in taxes in 2024, and the broader market is estimated at around $7.85B with some 2,200 active companies.
Optimism is returning
Sentiment has turned. In the Lviv IT Cluster's "IT Research Ukraine 2025", the share of tech executives with a negative outlook fell from 59.4% a year earlier to 29%, with a third of CEOs now expecting growth. For partners in Singapore and across APAC evaluating Ukrainian teams, the signal is straightforward: this is a resilient, stabilising, tax-paying industry that has proven it can deliver under the hardest possible conditions.