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DEVELOPMENT TRENDS AND ANALYSIS OF REGIONAL RETAIL TRADE
TURNOVER
Kenjayeva Sabohat Safarovna
3
rd
year student of the “Economics” department of Termiz State University
Abstract:
This article analyzes the development of retail trade turnover in the Surkhandarya region
of Uzbekistan from 2010 to 2024. The data reveals a consistent growth, increasing from 1,321.3
billion soums to 24,883.2 billion soums, a nearly 19-fold increase. Key drivers include rising
consumer spending, the expansion of retail outlets, favorable entrepreneurial policies, the growth
of e-commerce, and the digitalization of payment systems. Despite a slight slowdown during the
2020-2021 pandemic, the period 2022-2024 saw the highest growth. Future strategies should
prioritize developing digital trade platforms, improving domestic logistics, and expanding
interregional trade relations.
Keywords:
Surkhandarya, Retail Trade Turnover, Regional Development, Economic Growth, E-
commerce, Consumer Spending, Uzbekistan, Logistics System, Digitalization
INTRODUCTION
As a result of the deepening of market relations, the liberalization of the economy and the
expansion of entrepreneurial activity, the retail sector in our country is developing rapidly. The
growth of incomes, improvement of infrastructure and the effective establishment of logistics
systems directly affect the volume of trade turnover in the regions. In particular, the regional trade
network plays an important role in ensuring economic stability, satisfying consumer needs and
increasing the level of employment.
Today, one of the urgent tasks is to analyze the development rates and structural changes in retail
trade turnover by region, identify existing opportunities and problems and develop proposals to
eliminate them. This article provides an in-depth analysis of the growth dynamics of retail trade
turnover in the regions, its shaping factors and development trends.
1.
THE MAIN PART
In order to support the effective functioning of the retail system and its territorial development, a
number of regulatory legal acts have been adopted in the Republic of Uzbekistan, which are the
main regulatory instruments in this area. In particular, the Law of the Republic of Uzbekistan “On
Competition” (new edition, 2021) serves to ensure a free competitive environment in the retail
market and prevent monopoly situations. The Law “On Consumer Rights Protection” plays an
important role in regulating the activities of retail entities, guaranteeing product quality and safety.
In addition, the Strategy for the Development of the Trade and Services Sector for 2023–2026,
approved by the Presidential Decree No. PQ–456 dated December 21, 2022, provides for the
development of modern retail infrastructure in the regions, the expansion of e-commerce, and the
improvement of logistics systems.
Also, the activities of trade networks are determined on the basis of the Regulation “On Regulation
of Domestic Trade Activities”, approved by Resolution No. 459 of the Cabinet of Ministers of the
Republic of Uzbekistan dated July 29, 2020, and this regulation serves as a practical legal basis
for the implementation of regional trade policy. The above regulatory documents are of great
importance in ensuring the stable and consistent development of regional retail trade turnover.
Within the framework of these laws and resolutions, it is possible to conduct an in-depth analysis
of the territorial structure of the retail network and develop a development strategy.
INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE
ISSN: 2692-5206, Impact Factor: 12,23
American Academic publishers, volume 05, issue 05, 2025
https://www.academicpublishers.org/journals/index.php/ijai
page 2677
It can also be seen from the regulatory and legal framework that research on the development of
retail trade turnover by region is needed (Table 1).
Table 1
Retail trade turnover of Surkhandarya region (billion soums)
1
Years
Retail trade turnover of Surkhandarya region (billion soums)
2010
1 321,3
2011
1 760,9
2012
2 280,0
2013
3 070,4
2014
3 894,9
2015
4 766,4
2016
6 015,1
2017
7 149,0
2018
8 846,2
2019
11 055,7
2020
12 545,8
2021
13 737,4
2022
17 428,5
2023
20 845,7
2024
24 883,2
Based on the following statistical data, retail trade turnover in Surkhandarya region developed
with consistent growth rates from 2010 to 2024, during which this indicator reached from 1,321.3
billion soums to 24,883.2 billion soums. This represents an almost 19-fold increase over the past
15 years. These indicators indicate the stable development of retail trade in the region.
Between 2010 and 2015, a steady growth in retail trade turnover was observed in the region. The
indicator, which amounted to 1,321.3 billion soums in 2010, reached 4,766.4 billion soums by
2015. During this period, an average annual growth of 25–35% was recorded. The main factors
driving this growth are increasing consumer spending, the number of retail outlets and markets,
and the opportunities created for entrepreneurial activity. In 2016–2019, growth accelerated
further. In 2016, the turnover amounted to 6,015.1 billion soums, while by 2019 this figure had
reached 11,055.7 billion soums. Over these four years, the volume of retail trade has increased
almost 2-fold. During this period, the infrastructure for trade and services in the regions has
actively developed, logistics networks have expanded, and the population’s ability to purchase
goods on credit has improved. Although 2020–2021 coincided with the pandemic, no negative
changes were observed in retail trade, but rather the growth rate continued with a slight decrease.
In 2020, retail trade turnover amounted to 12,545.8 billion soums, and in 2021, it amounted to
13,737.4 billion soums. The relatively low growth rate in these years was due to the reduction in
trade activity and movement restrictions during the pandemic. 2022–2024 was the peak growth
period for the retail sector in Surkhandarya region. In 2022, the turnover amounted to 17,428.5
billion soums, in 2023 - 20,845.7 billion soums, and in 2024 - 24,883.2 billion soums. An average
annual growth of 3–4 trillion soums was recorded during these years. During this period, the
development of electronic forms of trade, an increase in the number of shopping centers and
1
https://www.surxonstat.uz/uz/rasmiy-statistika/macro-indicators-2.
INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE
ISSN: 2692-5206, Impact Factor: 12,23
American Academic publishers, volume 05, issue 05, 2025
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supermarkets, and the digitization of payment systems contributed to the rapid development of
retail trade (Figure 1).
Figure 1. Analysis of retail trade turnover in Surkhandarya region (billion soums)
2
In conclusion, retail trade turnover in Surkhandarya region has developed consistently and
gradually over the period 2010–2024. This process indicates that the economic potential of the
region is increasing, the consumption opportunities of the population have expanded, and the state
policy aimed at supporting retail trade has yielded positive results. In order to maintain this trend
in the future, it is important to develop digital trading platforms, improve the internal logistics
system, and expand interregional trade relations.
2.
CONCLUSION.
In conclusion, the retail trade turnover in the Surkhandarya region has developed steadily and
progressively from 2010 to 2024. This growth reflects the increasing economic potential of the
region, the expansion of consumer opportunities, and the positive outcomes of state policies
supporting retail trade. To sustain this trend, future efforts should focus on developing digital trade
platforms, improving the domestic logistics system, and expanding interregional trade relations.
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INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE
ISSN: 2692-5206, Impact Factor: 12,23
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page 2679
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