Gross trade flows within BRICS countries and other selected countries 2022

Published by
Raynor de Best,
Aug 31, 2023
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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Release date

August 2023

Region

Brazil, China, India, Russia, South Africa

Survey time period

2022

Special properties

* 2021, as no figures for 2022 were available

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