What is the share of the BRICS countries in world trade?

What is the share of the BRICS countries in world trade?

The BRICS countries (Brazil, Russia, India, China, and South Africa) account for a significant share of world trade. According to the World Trade Organization (WTO), the share of BRICS countries in world merchandise exports was 22.5% in 2020, and the share in world merchandise imports was 21.3%.

China is the largest trading partner among the BRICS countries, accounting for the majority of both exports and imports. In 2020, China accounted for 14.7% of world merchandise exports and 10.8% of world merchandise imports.

India, Russia, and Brazil also have significant shares in world trade, with India accounting for 1.7% of world merchandise exports and 2.5% of world merchandise imports in 2020, Russia accounting for 2.7% of world merchandise exports and 2.6% of world merchandise imports, and Brazil accounting for 1.1% of world merchandise exports and 1.3% of world merchandise imports.

South Africa has a smaller share in world trade compared to the other BRICS countries, accounting for 0.3% of world merchandise exports and 0.4% of world merchandise imports in 2020.

Overall, the BRICS countries play a significant role in the global economy and trade, with China being the largest contributor to their combined share in world trade.