Despite ongoing global conflicts and trade disputes, the international market for electric, electronics and home appliance products continues to grow steadily. According to updated data from The Business Research Company, the global market for these products reached approximately USD 4.064 trillion in 2025.
In 2026, this market is expected to expand by 6.7 per cent, reaching nearly USD 4.302 trillion. Analysts predict that by 2030, the global market for electric, electronics and home appliances could rise to around USD 5.61 trillion, reflecting strong long-term growth prospects.
While the United States dominates as a global economic and military superpower, China remains a leader in manufacturing and industrial production. In 2025, China's total export earnings reached about USD 3.77 trillion, with nearly USD 1.2 trillion coming from the electric, machinery, and electronics sector.
Bangladesh, with a population of 180 million, currently earns only USD 1-2 billion annually from automobiles, machinery, electric, and electronics products combined. Given its potential, total export earnings could realistically reach USD 80-100 billion, with at least USD 6-7 billion from the electric and electronics sector alone.
At present, Bangladesh's exports are heavily reliant on the ready-made garment (RMG) industry, which generated about USD 39.35 billion in 2024-25, while all other sectors combined earned only USD 8.93 billion. Total merchandise exports amounted to USD 48.28 billion, compared to imports of USD 71.14 billion, resulting in a trade deficit of USD 22.86 billion. Diversifying exports is therefore critical for economic stability.
To compete globally, Bangladesh must develop a strong light engineering sector alongside export-oriented heavy industries in electric, electronics, and home appliances. Establishing new foreign markets and building internationally recognised Bangladeshi brands are equally important.
With proper planning, technological innovation, and sufficient domestic and foreign investment, Bangladesh could increase total export earnings to USD 65-80 billion by 2030. The country has immense potential in the global export market, requiring decisive action, sustainable industrial policies, and a supportive investment environment to realise it fully.
Sherazur Rahman
Teacher & Writer
Singra, Natore, Bangladesh
sherazbd@gmail.com
