The IT Export Boost project expands its geography to 21 countries

The priority export markets for Ukrainian IT companies are Austria, Great Britain, Denmark, Estonia, Israel, India, Spain, Canada, the Republic of Korea, the Netherlands, Germany, Norway, Portugal, Singapore, USA, Finland, France, Switzerland, Sweden, Uzbekistan and Japan. Ukraine’s diplomatic missions in these countries will assist Ukrainian IT companies in establishing contacts with potential customers from both the public and private sectors. The IT Export Boost project should provide additional impetus not only to the promotion of exports but also to the opening of R&D centers of international companies in Ukraine. The Ministry of Foreign Affairs also plans to organize several specialized missions of Ukrainian IT companies to the countries included in the project as soon as the quarantine restrictions allow.

Natalia Mitrofanova, Vice President on International cooperation of the IT Ukraine Association, notes:With the launch of the IT Export Boost project, we are seeing growing interest in it both from the Ukrainian industry and from a number of diplomatic missions of Ukraine in different countries. This is a positive trend, as the geography of the project currently covers 21 export markets and we believe that this is just the beginning.

We remind you that the Ukrainian IT sector is closely integrated into the international market, bringing in more than $ 5 billion in foreign exchange earnings to the country. In 2020, the IT industry’s exports grew by $853 million, or more than 20%. The share of computer services in the country’s total exports reached 8.3%. The IT Export Boost project started on March 5, 2021. Its main task is to promote IT exports in foreign markets through the capabilities of the network of diplomatic missions of the Ministry of Foreign Affairs of Ukraine abroad.     Reference: Exporters and Investors Council under the Ministry of Foreign Affairs of Ukraine (REI) is a platform where the Ministry of Foreign Affairs accumulates information on investment and trade opportunities from around the world, as well as facilitates business contacts between Ukrainian exporters and importers abroad.