Turkey (TUR) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Turkey-Hungary In 2022, Turkey exported $1.59B to Hungary. The main products that Turkey exported to Hungary are Cars ($86.5M), Seats ($78.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($73M). During the last 27 years the exports of Turkey to Hungary have increased at an annualized rate of 8.81%, from $163M in 1995 to $1.59B in 2022.

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

Hungary-Turkey In 2022, Hungary exported $2.08B to Turkey. The main products that Hungary exported to Turkey were Motor vehicles; parts and accessories (8701 to 8705) ($253M), Cars ($210M), and Other Nitrogen Compounds ($100M). During the last 27 years the exports of Hungary to Turkey have increased at an annualized rate of 13.5%, from $68.5M in 1995 to $2.08B in 2022.

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 2022, Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B). That same year, Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Turkey exported $1.59B to Hungary. The main products exported from Turkey to Hungary were Cars ($86.5M), Seats ($78.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($73M). During the last 27 years the exports of Turkey to Hungary have increased at an annualized rate of 8.81%, from $163M in 1995 to $1.59B in 2022.

In 2022, Hungary exported $2.08B to Turkey. The main products exported from Hungary to Turkey were Motor vehicles; parts and accessories (8701 to 8705) ($253M), Cars ($210M), and Other Nitrogen Compounds ($100M). During the last 27 years the exports of Hungary to Turkey have increased at an annualized rate of 13.5%, from $68.5M in 1995 to $2.08B in 2022.

Exports from Turkey () to Hungary () (2022)

Exports from Hungary () to Turkey () (2022)

Latest Data

Trade between Turkey () and Hungary ()

Turkey Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Hungary
Top DestinationGermany$35.5B

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 2021, countries that imported more from Turkey than Hungary were Iraq ($13.7B), United States ($17.1B), and United Kingdom ($13.7B).

In 2021, countries that imported more from Hungary than Turkey were Germany ($35.5B), Slovakia ($6.78B), and Austria ($6.32B).

Difference in imports from Hungary () and Turkey () (2022)

Comparative Advantage Turkey - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Hungary in the exports of Machines ($326M), Metals ($318M), and Transportation ($310M).

During 2022, Hungary had a large net trade with Turkey in the exports of Machines ($664M), Transportation ($544M), and Plastics and Rubbers ($230M).

Service Trade

Bilateral Service Trade

Hun Year

Tur Year

2009

2008

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 () to Hungary () (2009)

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

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Turkey has comparative advantage over Hungary. Similarly, the more yellow a dot/product is, the more Hungary has comparative advantage over Turkey.

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Hungary () (2022)

Exports from Hungary () to Turkey () (2022)

Latest Data

Trade between Turkey () and Hungary ()

Turkey Exports

Hungary Exports

Market Competitiveness

Difference in imports from Hungary () and Turkey () (2022)

Comparative Advantage Turkey - Hungary

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

Product Space of Turkey () and Hungary () (2022)

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