Exports maintain their position: Ukraine’s foreign exchange earnings grew in 2025 despite the war
12 January 19:31
In 2025, Ukraine’s export revenues grew by almost 5% compared to the previous year. This was reported by the head of the National Bank, Andriy Pyshnyy, in a column for Ukrinform, summarizing the state’s work on returning foreign exchange earnings, according to "Komersant Ukrainian".
What the figures show
According to the head of the NBU, in 2024 Ukraine was able to significantly increase its export revenues — by 19.5% at once .
In 2025, the task was more difficult: to maintain the achieved level in the context of war, attacks on infrastructure, and logistics. However, the country managed not only to maintain its performance but also to increase foreign exchange earnings by another 4.8%.
The NBU explains this as the result of coordinated work by state bodies, particularly in the areas of currency control and exports.
What role does IT export play?
The IT services sector remains one of the drivers of foreign exchange earnings. According to the NBU, in January–November 2025, Ukraine received $5.97 billion from IT services exports, which is 2.4% more than in the same period in 2024.
The growth in export revenues is a key factor for:
- currency market stability;
- supporting international reserves;
- the country’s financial stability amid a record foreign trade deficit, as previously warned by the NBU.
The National Bank emphasizes that even moderate export growth in the context of a full-scale war is a sign of the economy’s adaptation and preservation of its basic export capabilities.
