Flag Turkey / Hungary Flag

2020
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Exports
: $1.42B, Rnk 31 / 215

2020
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Top Product
: $148M, Cars

2020
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Exports
: $2.09B, Rnk 16 / 205

2020
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Top Product
: $663M, Motor vehicles; parts and accessories (8701 to 8705)

2020
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Economic Complexity (ECI)
: ECI 0.58, Rnk 38 / 127

2020
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Economic Complexity (ECI)
: ECI 1.4, Rnk 14 / 127

2020
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GDP
: $720B, CURRENT US$
Rnk 19 / 204

2010-2020
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GDP GROWTH
: -7.34%, CURRENT US$
Rnk 176 / 204

2020
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 GDP
: $157B, CURRENT US$
Rnk 54 / 204

2010-2020
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GDP GROWTH
: 18.5%, CURRENT US$
Rnk 122 / 204

2020
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GDP PC 
: $8,536, CURRENT US$
Rnk 87 / 204

2010-2020
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GDP PC GROWTH
: -20.5%, CURRENT US$
Rnk 179 / 204

2020
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GDP PC
: $16,076, CURRENT US$
Rnk 61 / 204

2010-2020
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GDP PC GROWTH
: 21.6%, CURRENT US$
Rnk 85 / 204

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Turkey exported $1.42B to Hungary. The main products exported from Turkey to Hungary were 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 2020, Hungary exported $2.09B to Turkey. The main products exported from Hungary 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.

Turkey Exports

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Hungary Exports

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Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.3B

Hungary
Top Destination
: Germany, $31.4B

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 2019, countries that imported more from Turkey than Hungary were Iraq ($9.14B), United Kingdom ($12.7B), and United States ($10.3B).

In 2019, countries that imported more from Hungary than Turkey were Germany ($31.4B), Slovakia ($5.42B), and Austria ($4.94B).

Comparative Advantage Turkey - Hungary

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Flow
Scale

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

During 2020, Turkey had a large net trade with Hungary in the exports of Transportation ($310M), Machines ($298M), and Textiles ($291M).

During 2020, Hungary had a large net trade with Turkey in the exports of Transportation ($761M), Machines ($615M), and Plastics and Rubbers ($192M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.