IT exports from Kazakhstan officially exceeded $500 million in 2023
Author - Mansur Ismagulov
The Tech AI
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The export of computer services from Kazakhstan reached $529 million in 2023, increasing by 57% compared to $337 million in 2022. For the first time, the volume of exports exceeded imports, which amounted to $493 million. According to the CEO of Astana Hub, Magzhan Madiyev, the indicator grew tenfold over three years, from $50 million in 2020. President Kassym-Jomart Tokayev set a task to increase the export of the IT industry to $1 billion by 2026.
According to statistics on foreign trade in services from the National Bank of the Republic of Kazakhstan, last year's exports under the "computer services" category amounted to $529 million. Sales of computer services abroad grew by 57% since 2022, when IT exports totaled $337 million.
The main export markets are the United States, Russia, the United Arab Emirates, and Cyprus.
For the first time ever, the volume of IT exports in Kazakhstan exceeded imports of computer services into the country. In 2023, imports amounted to $493 million, which is 35% higher than in 2022.
CEO of Astana Hub Magzhan Madiyev stated that over the past three years, the indicator of IT exports in Kazakhstan has grown tenfold: in 2020, it was only $50 million. In 2023, President Kassym-Jomart Tokayev ordered to increase the export indicator of the IT industry to $1 billion by 2026.
Source: digitalbusiness.kz
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