Uzbekistan in global exports: opportunities for economic diplomacy need to be strengthened

Policy Briefs

03.25.2024

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Uzbekistan in global exports: opportunities for economic diplomacy need to be strengthened

The foreign trade turnover of each country is an important macroeconomic indicator for assessing the country's performance in the international economy. And here the export indicator is especially important. Because, firstly, the volume of all world trade is calculated by summing only the export volumes of each country. And, secondly, the value of net exports is reflected in the trade balance, which, in turn, is part of the state’s balance of payments. In this regard, a comparative analysis of Uzbekistan’s exports with other countries and the discovery of new opportunities seems to be an important area of research in economic diplomacy.

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