Since Bangladesh is looking forward to economic transformation through export diversification, a segment of light engineering sector is quietly but powerfully gaining exponential momentum. We are talking electrical and electronic goods. This particular industry was once a modest contributor to the country’s industrial base, but now this industry is emerging as a promising export flag bearer of Bangladesh. Much of it is driven by rising global demand, expanding local capabilities and visionary government support.
Assembly to Advancement
Over the past decade Bangladesh’s electrical and electronic industry has evolved significantly. Primarily it began as assembly operations by international brands which eventually transformed itself into a sector capable of local production, innovation and export. Worldwide renowned brands such as Samsung, LG, Nokia, OPPO and ViVo have established their presence by assembling smartphones, televisions, and home appliances within Bangladesh’s borders. With parallel endeavor Bangladesh’s homegrown brands like Walton, MyOne, Vision and singer has proved themselves worthy of producing world-class goods for both domestic and international markets.
Impressive Export Performance
The export journey of E&E industry tells a story of impetuous growth. Bangladesh was able to export 149.5 million dollars’ worth of E&E goods, marking a staggering 21.53% growth rate in the fiscal year 2023-24. This is merely coincidental. It projects the country’s increasing technical know-how, increase in production capacity and most importantly the faith global buyers place in Bangladeshi made electronics. Key export items include:
- Transformers
- Transistors and semiconductor devices
- LED lighting solutions
- Televisions and refrigerator components
- Mobile phone parts
These products are now exported in various countries, strengthening the base for Bangladesh to become a competitive player in the global arena.
Domestic Market Fueling Growth
The local market has experienced substantial growth. Since Bangladesh has 142 million mobile subscribers and over 53 million internet users, the demand for affordable and quality electronic devices are higher in all time. To reduce import dependency, create jobs and achieve self-sufficiency, local assembly is integral. Alongside technological adoption the demand will continuously fuel sectoral growth.
Competitive Strength and Strategic Vision
Bangladesh’s E&E sector enjoys several natural advantages:
- Low cost, skilled workforce
- Duty free access to major markets like EU, UK, Japan and Canada
- Locally available raw materials
- Strong support under the Export Competitiveness for Jobs (EC4J) project.
In the coming years Bangladesh will become a global hub for electronics manufacturing due to these benefits.
The road ahead is brighter than ever. When the world is seeking solutions to diversify supply chains and find cost effective manufacturing bases, Bangladesh will be leading the way as its electrical and electronic goods sector stands ready. With innovation, policy support and growing global trust this industry is about become the next export flag bearer of Bangladesh.
