2022
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC 
$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH
42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC
$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH
-9.24%CURRENT US$
Rnk 162 / 186

About

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.

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.

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 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 2017, 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 2022 to $1.59B in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Turkey (Flag)

Hungary Exports

Turkey Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
Turkey
Top Destination
Germany$21.9B

This map shows whether countries import more from Hungary or Turkey. Each country is colored based on the difference in imports they receive from Hungary and Turkey or the difference in the growth in imports.

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

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

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

Comparative Advantage Hungary - Turkey

Flow
Scale

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

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

During 2017, Turkey had a large net trade with Hungary in the exports of Machines ($326M), Metals ($318M), and Transportation ($310M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Turkey+$148MCars
Top Product Potential Turkey Hungary+$65.9MMotor vehicles; parts and accessories (8701 to 8705)

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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Hungary and Turkey. This means that a dot/product with the flag of Hungary indicates it has a comparative advantage over Turkey. Similarly, a dot/product with the flag of Turkey indicates it has a comparative advantage over Hungary.

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

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