Ukraine’s exports of computer software will reach 1 billion USD in 2010, the country’s Vice Prime Minister Serhiy Tyhypko announced today. Ukraine is the world’s fifth biggest IT services exporter and this figure is doubling every year, making IT the fastest growing export-oriented sector of the country.

“The steel export totals 2.8 billion USD, the export of agricultural products is up at 9.5 billion USD, and chemical products export reached 3.5 billion USD. And the export of software products is worth 1 billion USD. Moreover, the inflow doubles each year,” said the Vice Prime Minister of Ukraine.

According to the “Central and Eastern Europe IT Outsourcing Review 2010″, 14,000 IT specialists graduate from Ukrainian universities each year. As stated in the report, Romania led in the annual growth in the number of IT specialists with 12.33%. Ukraine took the second position in the region with the 9.5% growth. Ukraine also stood out with the highest outsourcing market volume in Europe of estimated 700 million USD, in 2009.

Ukraine continues to hold the 4th position in the world in the number of IT specialists, following the USA, India and Russia. On top of that, the experts recognize both quantitative and qualitative potential of the Ukrainian specialists.