Development of a Marketing Strategy to Increase Regional Export Potential

  • Jiyamuratov R. N. Doctoral Student of the SamIES, Uzbekistan
Keywords: regional export potential, marketing strategies, differentiated marketing strategies, diversification strategies, intensive growth strategy, differentiated growth strategy, integrated growth strategy

Abstract

The article examines Uzbekistan's growing regional export potential, highlighting its significance for the country's economic development. Research on the strategic categorization and application of export marketing strategies in Uzbek regions is scarce, despite continuous efforts. In order to evaluate the "Uzbekistan-2030" export objectives and create successful regional plans, this study uses techniques such as statistical and factor analysis, synthesis, and systematic observation. The results offer a defined framework for marketing strategy that encompasses targeted branding, e-commerce initiatives, and growth-oriented, diversification, and differentiated methods. The study intends to improve regional export capabilities and competitiveness internationally by putting these methods into practice. Policymakers and regional stakeholders should take note of our work, which indicates that customized marketing strategies can greatly improve export performance and promote sustainable economic growth.

References

Decree of the President of the Republic of Uzbekistan, “On the Strategy of Uzbekistan-2030,” No. PF-158, Sep. 11, 2023. [Online]. Available: www.lex.uz

C. Bianchi and R. Garcia, “Export Marketing Strategies of an Emerging Country: An Exploratory Study of the Main Challenges and Factors Leading to Success for Chilean Food Exporters,” Journal of Food Products Marketing, vol. 13, no. 3, pp. 1–19, 2007.

B. R. Chaudhuri and D. Chakraborty, “Export Potential at the State-Level: A Case Study of Karnataka,” Indian Institute of Foreign Trade, pp. 1–26, 2010.

R. Gouvea and G. Vora, “Reassessing Export Diversification Strategies: A Cross-Country Comparison,” Modern Economy, vol. 6, pp. 96–118, 2015.

P. Kotler, K. Asplund, I. Rein, et al., Marketing Site: Private Investment, Business, Hotel and Tourism in the City, Municipality, Regional and European Countries. Saint Petersburg, Russia: Economics of the Stockholm School, 2005.

Angelou Economics, “Marble Falls Economic Development Branding and Marketing Strategy.” [Online]. Available: http://angeloueconomics.com/marblefallseconomy/Reports/Marketing_Strategy.pdf

N. Lado, E. Martínez Ros, and A. Valenzuela, “Identifying Successful Marketing Strategies by Export Regional Destination,” International Marketing Review, vol. 21, no. 6, pp. 573–597, 2014.

S. Abbas and A. Waheed, “Pakistan’s Potential Export Flow: The Gravity Model Approach,” The Journal of Developing Areas, pp. 367–378, 2015.

J. Frankel, E. Stein, and S. J. Wei, “Regional Trading Arrangements: Natural or Supernatural?” American Economic Review Papers and Proceedings, vol. 86, no. 2, pp. 52–56, 1996.

Y. Wu, “Export Potential and Its Determinants Among the Chinese Regions,” School of Economics and Commerce, University of Western Australia, 2003.

J. Proudman and S. Redding, “Evolving Patterns of International Trade,” Review of International Economics, vol. 8, no. 3, pp. 373–396, 2000.

D. H. Kholmamatov, “Analysis of the Business Environment Created in Uzbekistan to Increase the Export Potential of Free Economic Zones,” American Journal of Economics and Business Management, pp. 133–140.

D. H. Kholmamatov, “Ways to Expand the Export Geography of the Jizzakh Free Economic Zone,” Central Asian Journal of Innovations on Tourism Management and Finance, pp. 55–63, 2022.

V. Sharma and A. Sharma, “An Analysis of India’s Export Potential in South Asia under SAFTA,” Journal of Social Economics Research, pp. 59–68, 2023.

World Trade Organization, Trade Outlook 2024. [Online]. Available: https://www.wto.org/english/res_e/booksp_e/trade_outlook24_e.pdf

International Trade Centre, “Export Potential and Diversification Assessments.” [Online]. Available: https://umbraco.exportpotential.intracen.org/media/cklh2pi5/epa-methodology_230627.pdf

Tradeimex, “Top 10 Importers of the World in 2023.” [Online]. Available: https://www.tradeimex.in/blogs/top-10-importers-of-the-world

Published
2024-10-31
How to Cite
N., J. R. (2024). Development of a Marketing Strategy to Increase Regional Export Potential. Central Asian Journal of Innovations on Tourism Management and Finance, 5(5), 214-225. https://doi.org/10.51699/cajitmf.v5i5.766
Section
Articles