China takes up the majority of overall trade within BRICS in 2022, the economic partnership between Brazil, Russia, India, China, and South Africa. China records significant trade figures with all four other members within BRICS. Brazil and Russia focuses towards the Asian country. India-South Africa, interestingly, is higher than that of India-Russia or Russia-Brazil, two relatively established partnerships. It should also be noted that several countries allegedly hope to join BRICS in the foreseeable future. These countries - notably Saudi Arabi and the UAE - are oriented towards India and China when it comes to trade. These potential applications follow amidst rumors in 2023 of the creation of BRICS currency - which would allow member countries to pay for trade without having to use the U.S. dollar.
Sum of trade exports and trade imports between the BRICS countries and selected countries that allegedly want to join BRICS as of 2022
(in billion U.S. dollars)
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Statista. (August 7, 2023). Sum of trade exports and trade imports between the BRICS countries and selected countries that allegedly want to join BRICS as of 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 13, 2024, from https://www.statista.com/statistics/1404108/brics-trade-turnover-by-country/
Statista. "Sum of trade exports and trade imports between the BRICS countries and selected countries that allegedly want to join BRICS as of 2022 (in billion U.S. dollars)." Chart. August 7, 2023. Statista. Accessed October 13, 2024. https://www.statista.com/statistics/1404108/brics-trade-turnover-by-country/
Statista. (2023). Sum of trade exports and trade imports between the BRICS countries and selected countries that allegedly want to join BRICS as of 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 13, 2024. https://www.statista.com/statistics/1404108/brics-trade-turnover-by-country/
Statista. "Sum of Trade Exports and Trade Imports between The Brics Countries and Selected Countries That Allegedly Want to Join Brics as of 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Aug 2023, https://www.statista.com/statistics/1404108/brics-trade-turnover-by-country/
Statista, Sum of trade exports and trade imports between the BRICS countries and selected countries that allegedly want to join BRICS as of 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1404108/brics-trade-turnover-by-country/ (last visited October 13, 2024)
Sum of trade exports and trade imports between the BRICS countries and selected countries that allegedly want to join BRICS as of 2022 (in billion U.S. dollars) [Graph], Statista, August 7, 2023. [Online]. Available: https://www.statista.com/statistics/1404108/brics-trade-turnover-by-country/
