Commercial and Economic Relations between Turkey and Hungary

As of 2018, bilateral trade volume between Turkey and Hungary stood at 2 billion 551 million dollars (Turkish exports: 1 billion 156 million Dollars; Turkish imports: 1 billion 395 million Dollars).

Main items of Turkey’s exports to Hungary consist of automotive products, machinery, processed products, and food products. Main items of Turkey’s imports from Hungary consist of automotive products, machinery, processed products, fuel and cattle.

As of June 2018, 81 Hungarian firms are operating in Turkey. The total amount of direct investments of the Hungarian firms in Turkey during 2002-2018 period was recorded 29 million USD. Hungarian firms are mostly investing in trade, tourism, energy, chemistry, glass products and food sectors.

The total amount of direct investments of Turkish companies in Hungary during 2002 –2018 period was recorded 58 million Dollars. Turkish companies are mainly investing in textile, construction, jewelry and food sectors.

In 2018, 123,448 tourists from Hungary visited Turkey, which corresponds 55 percent increase compared with 2017.