Facebook
TwitterChina takes up ************ 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 focus 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 Arabia 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.
Facebook
TwitterAmong BRICS countries, Russia's major trade partner was China, having the highest export and import value in 2021. With India, Russia had the largest trade balance, measuring at approximately *** billion U.S. dollars. In total, Russian exports to BRICS countries reached nearly **** billion U.S. dollars in 2021.
Not seeing a result you expected?
Learn how you can add new datasets to our index.
Facebook
TwitterChina takes up ************ 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 focus 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 Arabia 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.