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2023
Flag → Flag
Exports $1.67BRnk 37 / 216
2023
Flag → Flag
Top Product $96.8MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $2.39BRnk 16 / 201
2023
Flag → Flag
Top Product $414MCars
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 195
2023
Flag
GDP PC $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Turkey exported $1.67B to Hungary. The main products exported from Turkey to Hungary were Vaccines, blood, antisera, toxins and cultures ($96.8M), Iron Structures ($82.5M), and Seats ($73.5M). During the last 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 2018, Hungary exported $2.39B to Turkey. The main products exported from Hungary to Turkey were Cars ($414M), Motor vehicles; parts and accessories (8701 to 8705) ($331M), and Electrical Control Boards ($89.8M). During the last 5 years the exports of Hungary to Turkey have increased at an annualized rate of 8.16%, from $1.61B in 2023 to $2.39B in 2018.

Exports from Turkey (Flag) to Hungary (Flag) (2023)

Exports from Hungary (Flag) to Turkey (Flag) (2023)

Latest Data

Trade between Turkey (Flag) and Hungary (Flag)

Turkey Exports

Hungary Exports

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Hungary
Top DestinationGermany$37.4B

This map shows whether countries import more from Turkey or Hungary. Each country is colored based on the difference in imports they receive from Turkey and Hungary or the difference in the growth in imports.

In 2023, countries that imported more from Turkey than Hungary included United Arab Emirates ($14.7B), Iraq ($12.8B), and Russia ($10.8B).

In 2023, countries that imported more from Hungary than Turkey included Germany ($37.4B), Slovakia ($6.54B), and Czechia ($6.3B).

Difference in imports from Hungary (Flag) and Turkey (Flag) (2023)

Comparative Advantage Turkey - Hungary

Flow
Scale

This chart compares trade between Turkey and Hungary by product, considering products traded by both, Turkey and Hungary.

During 2023, Turkey had a large net trade with Hungary in the exports of Machines ($385M), Metals ($342M), and Transportation ($210M).

During 2018, Hungary had a large net trade with Turkey in the exports of Transportation ($853M), Machines ($698M), and Plastics and Rubbers ($186M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Hungary+$65.9MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Hungary Turkey+$148MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Tur Year

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

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.

Service trade data is presented based on availability.

Services Exports from Turkey (Flag) to Hungary (Flag) (2009)

Services Exports from Hungary (Flag) to Turkey (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Turkey and Hungary. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Hungary. Similarly, a dot/product with the flag of Hungary indicates it has a comparative advantage over Turkey.

Product Space of Turkey (Flag) and Hungary (Flag) (2023)

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