IT exports from Kazakhstan and Astana Hub participants show rapid growth

In 2020, the country's IT exports amounted to approximately $50 million, and in 2023, they exceeded $500 million. This means that exports grew tenfold over the past three years.

Over four years of operation, Astana Hub residents conducted exports totaling $630.9 million. Astana Hub residents account for about 60% of the IT market. 394 Astana Hub residents exported services to 86 countries. More than 50% of service exports go to the United States, Russia, and Ireland.

The majority of Astana Hub's export participants are service companies. In particular, 189 companies provided IT solution development services in various fields totaling $228.2 million. Meanwhile, 205 Astana Hub participant companies exported their products in 2023 worth $83.6 million in such areas as e-commerce, data science, gamedev, oil&gas tech, marketingtech, HRtech, edtech, fintech, and medtech.

The next goal for the country is $1 billion in export revenue.

Source: @m.madiyev