The first simultaneous determination of the absolute value of the Cabibbo-Kobayashi-Maskawa matrix element $V_{ub}$ using inclusive and exclusive decays is performed with the full Belle data set at the $\Upsilon(4S)$ resonance, corresponding to an integrated luminosity of 711 fb^{-1}$. We analyze collision events in which one $B$ meson is fully reconstructed in hadronic modes. This allows for the reconstruction of the hadronic $X_u$ system of the semileptonic $b \to u \ell \bar \nu_\ell$ decay. We separate exclusive $B \to \pi \, \ell\, \bar \nu_{\ell}$ decays from other inclusive $B \to X_u \, \ell\, \bar \nu_{\ell}$ and backgrounds with a two-dimensional fit, that utilizes the number of charged pions in the $X_u$ system and the four-momentum transfer $q^2$ between the $B$ and $X_u$ system. Combining our measurement with information from lattice QCD and QCD calculations of the inclusive partial rate as well as external experimental information on the shape of the $B \to \pi \, \ell\, \bar \nu_{\ell}$ form factor, we determine $\left|V_{ub}^{\mathrm{excl.}} \right| = (3.78 \pm 0.23 \pm 0.16 \pm 0.14)\times 10^{-3}$ and $\left|V_{ub}^{\mathrm{incl.}} \right| = (3.88 \pm 0.20 \pm 0.31 \pm 0.09)\times 10^{-3}$, respectively, with the uncertainties being the statistical error, systematic errors, and theory errors. The ratio of $\left|V_{ub}^{\mathrm{excl.}} \right| / \left|V_{ub}^{\mathrm{incl.}} \right| = 0.97 \pm 0.12$ is compatible with unity.