Ukraine’s IT Services Exports Dip 3% Month-on-Month: May Revenue Figures Revealed.

Ukraine’s IT Services Exports in May 2026

According to Мінфін — Крипто/Фінанси: In May 2026, Ukraine’s IT services exports totaled $560 million, a 3.1% decline from April’s $578 million. However, compared to May 2025, when exports stood at $545 million, this marks a 2.8% year-over-year increase. IT services accounted for 39.4% of Ukraine’s total services exports during the month.

For the first five months of 2026, Ukraine exported $2.782 billion in IT services, up from $2.684 billion in the same period of 2025, reflecting steady growth in the sector. This data underscores the resilience of Ukraine’s tech industry amid ongoing economic challenges.

Top Markets for Ukrainian IT Services

The United States remained the largest market for Ukrainian IT services in May 2026, with exports reaching $208 million. Other key partners included:

• United Kingdom ($47 million)
• Malta ($43 million)
• Cyprus ($34 million)
• Poland ($22 million)
• Switzerland ($21 million)
• Estonia ($21 million)
• UAE ($20 million)
• Israel ($19 million)
• Germany ($17 million)

Additional significant markets for Ukrainian IT services include the United Kingdom, Malta, Cyprus, Poland, Switzerland, Estonia, the UAE, and Israel.

Monthly export figures for early 2026 were: $508 million in January, $544 million in February, and $592 million in March. These numbers highlight the dynamic shifts within Ukraine’s IT services sector, which continues to demonstrate growth despite a complex economic environment.

The upward trend in Ukraine’s IT services exports signals sector stability and development amid economic uncertainty. Although May 2026 saw a slight monthly drop, the year-over-year increase points to recovery and potential for further market expansion, especially in the U.S. and Europe. This could be a key indicator for investors and entrepreneurs exploring partnerships with Ukrainian IT companies.