Turkey / Hungary

Turkey-Hungary In 2020, Turkey exported $1.42B to Hungary. The main products that Turkey exported to Hungary are Cars ($148M), Motor vehicles; parts and accessories (8701 to 8705) ($67.8M), and Seats ($58.8M). During the last 25 years the exports of Turkey to Hungary have increased at an annualized rate of 9.05%, from $163M in 1995 to $1.42B in 2020.

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 2020, Hungary exported $2.09B to Turkey. The main products that Hungary exported to Turkey were Motor vehicles; parts and accessories (8701 to 8705) ($663M), Cars ($77.4M), and Other Nitrogen Compounds ($63.3M). During the last 25 years the exports of Hungary to Turkey have increased at an annualized rate of 14.7%, from $67.9M in 1995 to $2.09B in 2020.

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 2020,  Turkey ranked 38 in the Economic Complexity Index (ECI 0.58), and 29 in total exports ($177B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.4), and 34 in total exports ($118B).