MOPEXPO Sri Lanka is a premier exhibition focused on the motor parts industry in Sri Lanka. The event is scheduled to take place from August 25-27, 2023, at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo. This exhibition will showcase a wide range of products and services related to the motor parts industry, including auto parts, tyres, batteries, garage equipment, and other related products.
The event provides a platform for exhibitors to showcase their latest products and services, meet with potential buyers, and build new business relationships. The exhibition is expected to attract a large number of visitors, including manufacturers, wholesalers, distributors, retailers, and other industry professionals.
The MOPEXPO Sri Lanka exhibition offers a unique opportunity for companies to explore the potential of the Sri Lankan motor parts market. Sri Lanka is one of the fastest-growing economies in the region, with a significant increase in the number of vehicles on the road. As a result, the demand for motor parts and related products has grown considerably in recent years, making the country an attractive market for local and international businesses.
Overall, MOPEXPO Sri Lanka is an excellent opportunity for companies looking to expand their business in the motor parts industry in Sri Lanka. By participating in the exhibition, companies can showcase their products, meet with potential buyers, and explore new business opportunities in this rapidly growing market.
Srilanka, a naturally thriving country, with annual growth of 9.4 percent from 2003 to 2020, well above its regional peers.
According to the Sri Lanka Customs, the total value of motor vehicle parts and accessories imported into Sri Lanka in 2020 was USD 620.8 million
Here's the breakdown of the imports of these products in Sri Lanka during the fiscal year 2020-2021
USD 201.6 million (accounting for 47.8% of Total motors parts imports)
USD 93.8 million (accounting for 22.2%)
USD 59.8 million ((accounting for 14.2%)
USD 32.4 million (accounting for 7.71%)
Most of the motor parts are imported from countries such as India, Japan, China, South Korea, and Thailand.