Improving The Effective Use of The Export Potential of Small Businesses in The Khorezm Region

Especially in developing economies such as Uzbekistan, improving the sustainability of the regions through the effective use of export potential by small business enterprises increases the sustainability of the regional economy and competitiveness. The region of Khorazm has achieved stable economic growth, consistent shifts in economic structure, and an increase in business activity over the last 10 years. However, the achievement of small firms' export potential is only partial, being impeded by institutional, infrastructural, financial and market related constraints. In terms of regions, the volume of exports of Khorezm region grew from USD 66.2 million in 2016 to USD 192.7 million in 2023, while the growth of small business entities was one of the driving factors. Nationally, small and private enterprises expanded their contribution to exports, rising from USD 2,759 million in 2017 to USD 5,332 million in 2023. At the same time, small businesses still represent a large proportion of GDP, industry, agriculture, construction and employment – this shows their strategic importance to the national economy. The present study employs the 2016 to 2024 small business export performance data of Khorezm by using descriptive, comparative and structural dynamic analysis to identify the essential trends and perfomance determinants. The results indicate that exports are still dominated by old sectors like textiles, agriculture, and food processing. Exports require coordinated policies.