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Trade between Hungary and Turkey

In 2024, Hungary exported $2.8 billion to Turkey and imported $1.8 billion. Hungary ran a surplus of $999 million with Turkey, compared with a surplus of $108 million in 2019. Turkey was Hungary’s 17th largest trading partner (2% of its trade), and Hungary was Turkey’s 32nd (0.8%).

Summary

Hungary → Turkey
$2.8billion
Turkey → Hungary
$1.8billion
Hungary’s balance
$999million

Balance

Hungary’s trade balance with Turkey

Trade between Hungary and Turkey grew 20.5-fold since 1995

USD billions (current). Hungary’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.8
  • Imports 1.8
  • Balance +1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$81 million$140 million-$58 million
1996$104 million$91 million$13 million
1997$130 million$115 million$15 million
1998$167 million$122 million$45 million
1999$104 million$129 million-$25 million
2000$235 million$127 million$107 million
2001$218 million$227 million-$8 million
2002$342 million$265 million$77 million
2003$426 million$407 million$18 million
2004$708 million$409 million$299 million
2005$988 million$435 million$553 million
2006$1.3 billion$468 million$816 million
2007$1.5 billion$674 million$779 million
2008$1.3 billion$663 million$667 million
2009$1 billion$478 million$557 million
2010$1.4 billion$493 million$952 million
2011$1.5 billion$552 million$983 million
2012$1.3 billion$552 million$706 million
2013$1.4 billion$780 million$590 million
2014$1.4 billion$774 million$579 million
2015$1.5 billion$821 million$682 million
2016$1.5 billion$846 million$630 million
2017$1.7 billion$1.1 billion$673 million
2018$1.6 billion$1.3 billion$364 million
2019$1.4 billion$1.3 billion$108 million
2020$1.5 billion$1.4 billion$112 million
2021$1.7 billion$1.5 billion$210 million
2022$1.9 billion$1.6 billion$291 million
2023$2.4 billion$1.7 billion$720 million
2024$2.8 billion$1.8 billion$999 million

What they sell each other

What Hungary sells to Turkey

The top 10 headings in 2024, with their share of the total.

  1. Cars$380 million · 13.8%
    22 thousand tonnes · Hungary’s destinations
  2. Auto parts$354 million · 12.8%
    20 thousand tonnes · Hungary’s destinations
  3. Batteries$232 million · 8.4%
    8 thousand tonnes · Hungary’s destinations
  4. Control panels$123 million · 4.5%
    2 thousand tonnes
  5. Tractors$112 million · 4.1%
    22 thousand tonnes · Turkey’s sources
  6. 357 tonnes
  7. 956 tonnes
  8. 39 thousand tonnes
  9. 31 thousand tonnes
  10. Valves and taps$57 million · 2.1%
    1 thousand tonnes

What Turkey sells to Hungary

The top 10 headings in 2024, with their share of the total.

  1. Vaccines, blood and antisera$253 million · 14.3%
    66 tonnes · Hungary’s sources
  2. Natural gas and LPG$93 million · 5.3%
    164 thousand tonnes
  3. Other iron or steel articles$73 million · 4.1%
    13 thousand tonnes
  4. Auto parts$54 million · 3.1%
    12 thousand tonnes · Turkey’s destinations
  5. Steel structures$50 million · 2.8%
    21 thousand tonnes
  6. Other aluminum articles$35 million · 2%
    3 thousand tonnes
  7. Other industrial machines$30 million · 1.7%
    609 tonnes
  8. Cars$29 million · 1.7%
    2 thousand tonnes · Turkey’s destinations
  9. New tires$27 million · 1.5%
    6 thousand tonnes · Turkey’s destinations
  10. Other rubber articles$24 million · 1.4%
    3 thousand tonnes

How it travels

Estimated sea route from Rijeka (Croatia) to Istanbul.

The estimated sea route between Rijeka (Croatia) and Istanbul is 1,131 nautical miles (2,094 km) long: ≈ 2.5–3.5 days at sea (at 18 and 14 knots).

Passages it crosses: Dardanelles.

Hungary is landlocked: it ships through Rijeka (Croatia).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$3.5 billion · 76.5%
  2. Air$1.1 billion · 23.5%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Turkey was Hungary’s 17th largest trading partner (2% of its trade), and Hungary was Turkey’s 32nd (0.8%).

Turkey in Hungary’s trade
1.5%
Turkey’s rank among Hungary’s partners
17th
Hungary in Turkey’s trade
0.8%
Hungary’s rank among Turkey’s partners
32nd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.