Turkey / Hungary

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).