EXPORT ACTIVITIES OF SMALL BUSINESS ENTITIES IMPROVING OF THE FINANCING SYSTEM

Abstract

Small and medium-sized enterprises (SMEs) play a significant role in ensuring sustainable economic growth,
increasing employment, diversifying exports, and enhancing national competitiveness. However, limited access to financial
resources remains one of the primary barriers preventing SMEs from expanding their export activities. The purpose of this
study is to examine the existing financing system for export-oriented small businesses in Uzbekistan, identify its institutional
and financial constraints, and develop recommendations for improving export financing mechanisms. The research employs
a mixed-method approach, including comparative analysis, statistical analysis, institutional analysis, and synthesis of
international best practices. The findings indicate that despite significant government reforms aimed at supporting exporters,
several challenges remain, including insufficient access to long-term financing, limited export credit instruments, inadequate
insurance coverage, and weak integration between commercial banks and export support institutions. Based on international
experience from developed and emerging economies, the study proposes a comprehensive model for improving export
financing through export credit guarantees, digital financial platforms, supply chain finance, export insurance, and publicprivate
partnerships. The proposed recommendations may contribute to increasing export competitiveness of SMEs and
strengthening the country’s export potential