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2022
Flag → Flag
Exports $1.59BRnk 41 / 219
2022
Flag → Flag
Top Product $86.5MCars
2022
Flag → Flag
Exports $2.08BRnk 18 / 205
2022
Flag → Flag
Top Product $253MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
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Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
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GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
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GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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GDP PC $10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
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GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Turkey-Hungary Trade: In 2022, Turkey exported $1.59B to Hungary. The main products that Turkey exported to Hungary were Cars ($86.5M), Seats ($78.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($73M). Over the past 5 years the exports of Turkey to Hungary have increased at an annualized rate of 5.54%, from $1.21B in 2017 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 Trade: 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). Over the past 5 years the exports of Hungary to Turkey have increased at an annualized rate of 0.24%,  from $2.05B in 2017 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 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Turkey to Hungary have increased at an annualized rate of 5.54%, from $1.21B in 2017 to $1.59B in 2022.

In 2017, 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 5 years the exports of Hungary to Turkey have increased at an annualized rate of 0.24%, from $2.05B in 2022 to $2.08B in 2017.

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

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

Latest Data

Trade between Turkey (Flag) and Hungary (Flag)

Turkey Exports

Hungary Exports

Market Competitiveness

Color
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 2022, countries that imported more from Turkey than Hungary included Iraq ($13.7B), United States ($17.1B), and United Kingdom ($13.7B).

In 2022, countries that imported more from Hungary than Turkey included Germany ($35.5B), Slovakia ($6.78B), and Austria ($6.32B).

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

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

During 2017, Hungary had a large net trade with Turkey in the exports of Machines ($664M), Transportation ($544M), and Plastics and Rubbers ($230M).

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) (2022)

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