Hungary / Turkey

Hungary-Turkey Trade: In 2023, Hungary exported $2.39B to Turkey. The main products that Hungary exported to Turkey were Cars ($414M), Motor vehicles; parts and accessories (8701 to 8705) ($331M), and Electrical Control Boards ($89.8M). Over the past 5 years the exports of Hungary to Turkey have increased at an annualized rate of 8.16%, from $1.61B in 2018 to $2.39B in 2023.

In 2020, Hungary exported services to Turkey worth $130M, with Travel ($61.3M), Transportation ($31.8M), and Other business services ($25.4M) being the largest in terms of value.

Turkey-Hungary Trade: In 2023, Turkey exported $1.67B to Hungary. The main products that Turkey exported to Hungary were Vaccines, blood, antisera, toxins and cultures ($96.8M), Iron Structures ($82.5M), and Seats ($73.5M). Over the past 5 years the exports of Turkey to Hungary have increased at an annualized rate of 5.81%,  from $1.26B in 2018 to $1.67B in 2023.

In 2009, Turkey exported services to Hungary worth $1.03M, with Insurance services ($1.03M) being the largest in terms of value.

Comparison: In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).