This article examines the current state of export diversification in Uzbekistan and explores opportunities for innovation-driven export transformation. The study employs export diversification indicators, Revealed Comparative Advantage (RCA), and Product Space methodology to identify existing comparative advantages and future diversification opportunities. The findings reveal that Uzbekistan’s exports remain concentrated in traditional sectors; however, substantial opportunities exist for upgrading toward more sophisticated and higher-value-added products through innovation, human capital development, and productive capacity enhancement. The study provides policy recommendations for strengthening export competitiveness and accelerating structural transformation