The IT sector remains the largest source of export revenue in Ukraine’s service sector: in January–August 2026, computer services accounted for 41% of the country’s total service exports, according to an analysis by Experts Club based on data from the National Bank of Ukraine.
Over the eight-month period, Ukraine exported $10.9 billion in services, which is approximately 6% more than during the same period in 2025.
IT service exports reached $4.46 billion, an increase of 4% year-over-year.
This means that more than $4 out of every $10 the country earns from service exports is generated by the IT sector.
At the same time, services as a whole accounted for about 30% of Ukraine’s total exports. Exports of goods for January–August totaled $24.9 billion, while exports of goods and services combined amounted to $35.8 billion.
This ratio underscores the exceptionally high importance of IT for Ukraine’s foreign trade: a single service sector alone accounts for about 12% of the country’s total export revenue.
To compare the dynamics of the IT sector itself, the figure for the first eight months of 2026 already roughly matches the result for the same period in 2023, though it remains 9% below the record level set in 2022.
Thus, in 2026, the IT sector is simultaneously strengthening its position after several years of decline and remains a key export sector of the Ukrainian economy.
Data source: National Bank of Ukraine.
Exports of Ukrainian IT services in January–August 2026 increased by 4% compared to the same period last year—to $4.46 billion, according to data from the National Bank of Ukraine analyzed by Experts Club.
In terms of foreign exchange revenue, the sector has effectively returned to the levels seen in the corresponding period of 2023, though it has not yet reached the peak figures of 2022.
In January–August 2022, the volume of IT exports was approximately 9% higher than the current figure.
Thus, the trend of recent years can be divided into two periods: after a record-breaking 2022, Ukrainian IT exports began to decline, and in 2026, they are once again showing growth.
The importance of IT for the entire Ukrainian services sector remains particularly significant. In the first eight months of 2026, Ukraine exported services worth $10.9 billion, which is approximately 6% higher than the figure for the same period last year.
IT accounted for 41% of this total—that is, more than $4 out of every $10 Ukraine earned from service exports.
The sector’s share of total foreign trade also remains significant. Total exports of goods and services for January–August amounted to $35.8 billion, of which $4.46 billion came from IT companies and specialists.
As a result, the IT sector accounts for about 12% of the country’s total exports—roughly one in every eight dollars of export revenue.
If current growth rates continue, the sector could end 2026 with its best performance in several years; however, growth rates will need to accelerate to return to the record levels seen in 2022.
Data source: National Bank of Ukraine.
Ukraine earned $4.46 billion from IT services exports in January–August 2026, with the technology sector accounting for about 12% of the country’s total exports of goods and services, according to data from the National Bank of Ukraine analyzed by the Experts Club research and analysis center.
Thus, approximately one in every eight dollars of Ukraine’s export revenue comes from IT services.
Ukraine’s total exports of goods and services for the first eight months of 2026 amounted to $35.8 billion and remained virtually unchanged compared to the same period last year.
The bulk of foreign exchange earnings continues to come from goods exports—$24.9 billion, or about 70% of the total. Exports of services totaled $10.9 billion, of which $4.46 billion came from IT.
Thus, with services accounting for about 30% of the country’s total exports, the IT sector alone accounts for approximately 12% of Ukraine’s total export revenue.
As noted by analysts at Experts Club, these figures demonstrate the special role of IT in Ukraine’s foreign trade. Unlike goods exports, technology services are virtually independent of maritime logistics, border capacity, and the physical transportation of products.
Furthermore, IT remains the largest component of Ukraine’s service exports. Computer services account for about 41% of the service sector’s total export revenue.
From January through August, Ukraine’s service exports reached $10.9 billion, an increase of approximately 6% compared to the same period in 2025. IT exports grew by 4% to $4.46 billion.
Despite this recovery, the IT sector has not yet returned to its 2022 all-time high. IT service exports for the first eight months of 2026 remain approximately 9% below the figure for the corresponding period in 2022.
Thus, Ukrainian IT exports are simultaneously demonstrating a recovery from the decline of previous years and maintaining an exceptionally significant role in generating the country’s foreign exchange revenue.
Data source: National Bank of Ukraine. Calculations of the export structure are based on NBU data published by Opendatabot.
Retail remains the most popular sector for starting a small business in Ukraine—in the first nine months of 2026, 60,300 new sole proprietorships were registered in this sector, according to Opendatabot data based on the Unified State Register and an analysis by the Experts Club think tank.
Retail accounts for more than a quarter of all new sole proprietorships registered in Ukraine since the beginning of the year. In total, 222,300 sole proprietorships were established from January through September.
Computer programming was the second most popular sector, with 16,700 new sole proprietorships. Wholesale trade showed virtually the same result—16,600
Approximately 10,700 new entrepreneurs were registered in the education sector. The same number of sole proprietorships began operations in the food and beverage sector, which includes, in particular, various formats of food service.
However, the most popular business sectors also lead in the number of closures.
In retail trade, 49,400 sole proprietorships ceased operations over the nine-month period. Thus, despite the large number of closures, the net increase in the number of entrepreneurs in the sector amounted to approximately 10,900.
The situation was different in computer programming. With 16,700 new registrations, 17,100 sole proprietorships ceased operations. Thus, based on the absolute figures published by Opendatabot, the number of closures in the IT segment exceeded the number of new openings by approximately 400.
In wholesale trade, the situation remains positive: with 16,600 new sole proprietorships, 11,700 closed, resulting in a net increase of approximately 4,900 entrepreneurs.
In the food service sector, approximately 10,700 new sole proprietorships were registered, with 7,900 closures—a positive difference of about 2,800.
In total, over the first nine months of 2026, 222,288 sole proprietorships opened in Ukraine, while 155,645 closed. The number of new entrepreneurs exceeded the number of those who ceased operations by 66,643.
Source: Opendatabot — “This year, 66,000 more sole proprietorships were opened than closed”.
entrepreneur, EXPERTS CLUB, IT, Sole proprietorship, TRADE, UKRAINE
Wholesale trade led the way in terms of net growth in the number of companies in Ukraine during the first half of 2026, according to Opendatabot. The number of legal entities in the wholesale trade sector increased by 2,304 thousand over the six-month period.
The information technology sector took second place, with a net increase of 1,254 thousand companies. In the real estate sector, the number of companies increased by 1,104 thousand.
The top five sectors with the largest growth also included non-profit organizations, which increased by 859, and building and grounds maintenance companies, which increased by 824.
At the same time, the number of legal entities decreased in a number of sectors. The largest decline was recorded in public administration and defense—a decrease of 289 companies.
In the education sector, the number of legal entities decreased by 282; in veterinary services, by 20; in water supply, by 14; and in the creative, arts, and entertainment sectors, by 11.
In total, 19,758 thousand new companies were registered in Ukraine from January through June 2026, while the number of business closures stood at 6,563 thousand. The net increase in businesses reached 13,195 thousand.
Ukrainian IT services company SoftServe announced the completion of its acquisition of the Indian technology services company NewVision Software, which specializes in software development and the modernization of IT infrastructure based on cloud technologies, according to a company press release published on Tuesday.
As part of the deal, more than 700 engineers will join SoftServe. Among others, NewVision Software CEO Kapil Godani and Co-Chairman of the Board Balan Ramaswami will also join the company.
It is noted that NewVision Software will continue to operate under its own brand as a wholly owned subsidiary of SoftServe.
According to Andriy Stitsyuk, SoftServe’s Chief Financial and Operating Officer, an increasing number of the company’s clients are developing large-scale GCCs (Global Capability Centers) in India, where business decisions are made and engineering development takes place.
“Being alongside these teams in the same time zones and work environment allows SoftServe to co-create solutions in real time and respond quickly to new opportunities,” Stitsyuk is quoted as saying in the press release.
“In SoftServe, we have found a partner that shares this vision and combines world-class engineering expertise with a deep commitment to client success. Together, we can offer clients broader capabilities, greater scale, and confidence in implementing AI initiatives, while maintaining the level of partnership and engagement for which our teams are renowned,” said Kapil Godani, CEO of NewVision Software, in the press release.
SoftServe is a global digital engineering and technology consulting firm specializing in AI, data, and cloud solutions. The company was founded in 1993 in Lviv. Approximately 10,000 employees work in 49 offices around the world. Taras Kitsmey, Yaroslav Lyubinets, Oleg Denis, Yuriy Vasylyk, and Taras Verveha are co-owners of the IT services company SoftServe; Harry Propper serves as CEO.
NewVision Software is an IT consulting and technology services company specializing in software development, intelligent managed services, product engineering, and agentic assurance. NewVision Software’s headquarters are located in Pune, India.
