Hungary-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $4.26B total volume •Hungary surplus: $797.43M
Hungary → Türkiye
$2.53B
Exports (2023)
Türkiye → Hungary
$1.73B
Imports (2023)
Trade Balance
$797.43M
Surplus for Hungary
Total Trade
$4.26B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Hungary and Türkiye. Green line shows exports from Hungary, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Hungary-Türkiye commercial relationship and competitive positioning in global markets.
Hungary → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Hungary's export portfolio to Türkiye demonstrates strategic specialization, with vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc representing a key competitive advantage in this bilateral market.
Türkiye → Hungary Imports
Import Dependency Profile
📦 Import Strategy Analysis
Hungary's import pattern from Türkiye reveals strategic sourcingin blood, human or animal, antisera, other blood fractions and immunological products: immunological products, unmixed, not put up in measured doses or in forms or packings for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Hungary demonstrates competitive strength in exportingvehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $4.26B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Hungary-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $4.26 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Hungary maintains a surplus of $797.43 million
- Export Focus: Hungary's primary exports include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, vehicle parts: steering wheels, steering columns and steering boxes: parts thereof, vehicles: with only electric motor for propulsion
- Import Dependencies: Key imports from Türkiye include blood, human or animal, antisera, other blood fractions and immunological products: immunological products, unmixed, not put up in measured doses or in forms or packings for retail sale, iron or steel: structures and parts thereof, n.e.c. in heading 7308, seat: parts
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $4.26B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Hungary leveraging its comparative advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Hungary's specialization in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cccomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, unmixed, not put up in measured doses or in forms or packings for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $4.26B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $4.26B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $4.26 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc and blood, human or animal, antisera, other blood fractions and immunological products: immunological products, unmixed, not put up in measured doses or in forms or packings for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Hungary's trade surplus of $797.43 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Hungary and Türkiye represents a total trade volume of $4.26 billion in 2023. This partnership demonstrates a favorable trade balance for Hungary, with exports exceeding importsby $797.43 million.
Export Strengths
Hungary's exports to Türkiye total $2.53 billion, with competitive advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, representing $301.61M or11.9% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $1.73 billion, highlighting economic interdependence in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, unmixed, not put up in measured doses or in forms or packings for retail sale, with Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, unmixed, not put up in measured doses or in forms or packings for retail sale comprising9.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Hungary's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Hungary and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023