22 datasets found
  1. Gross trade flows within BRICS countries and other selected countries 2022

    • statista.com
    Updated Jun 30, 2025
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    Statista (2025). Gross trade flows within BRICS countries and other selected countries 2022 [Dataset]. https://www.statista.com/statistics/1404108/brics-trade-turnover-by-country/
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    Dataset updated
    Jun 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2022
    Area covered
    India, Russia
    Description

    China 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.

  2. Export of goods by the BRICS countries from 2000-2023

    • statista.com
    Updated Jun 27, 2025
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    Statista (2025). Export of goods by the BRICS countries from 2000-2023 [Dataset]. https://www.statista.com/statistics/254301/exports-of-the-bric-countries/
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    Dataset updated
    Jun 27, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    Since 2000, China has consistently been the largest exporter of goods among the BRICS countries, and its share of exports from the bloc has increased significantly. In the year 2000, China's share of BRICS exports was just over ** percent; in 2020, this share has risen to ** percent. Among the other BRICS countries, Russia has always had the second-largest share of exports, and South Africa the smallest, while India overtook Brazil in 2009.

  3. Export of goods by the BRICS countries from 2000-2024

    • statista.com
    Updated Aug 25, 2023
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    Aaron O'Neill (2023). Export of goods by the BRICS countries from 2000-2024 [Dataset]. https://www.statista.com/topics/1393/bric-countries/
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    Dataset updated
    Aug 25, 2023
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Description

    Since 2000, China has consistently been the largest exporter of goods among the BRICS countries, and its share of exports from the bloc has increased significantly. In the year 2000, China's share of BRICS exports was just over 50 percent; in 2020, this share has risen to 74 percent. Among the other BRICS countries, Russia has always had the second-largest share of exports, and South Africa the smallest, while India overtook Brazil in 2009.

  4. Merchandise trade value of Russia with BRICS 2021, by country and flow

    • statista.com
    Updated Jul 9, 2025
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    Statista (2025). Merchandise trade value of Russia with BRICS 2021, by country and flow [Dataset]. https://www.statista.com/statistics/1101225/russia-external-trade-value-with-brics/
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    Dataset updated
    Jul 9, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2021
    Area covered
    Russia
    Description

    Among 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.

  5. H

    World Bank Research Indicators and Comparative Foreign Trade Statistics of...

    • dataverse.harvard.edu
    Updated Apr 12, 2018
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    Armando Aliu; Ardita Bylo; Dorian Aliu (2018). World Bank Research Indicators and Comparative Foreign Trade Statistics of Central and Eastern European Countries and the BRICS in a Comparative Perspective [Dataset]. http://doi.org/10.7910/DVN/B5KT6A
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    CroissantCroissant is a format for machine-learning datasets. Learn more about this at mlcommons.org/croissant.
    Dataset updated
    Apr 12, 2018
    Dataset provided by
    Harvard Dataverse
    Authors
    Armando Aliu; Ardita Bylo; Dorian Aliu
    License

    CC0 1.0 Universal Public Domain Dedicationhttps://creativecommons.org/publicdomain/zero/1.0/
    License information was derived automatically

    Area covered
    Central and Eastern Europe
    Description

    These are research indicators of comparative empirical investigation of Central and Eastern European Countries (CEECs) and the BRICS that were compiled from the criteria and factors of the World Bank. This dataset consists of data for CEECs and the BRICS for the period of 2000 to 2016. The World Bank Research Indicators consist of (1) GNI, Atlas Method (Current US$); (2) GNI per capita, Atlas; (3) GNI PPP (Current International $); (4) GNI per capita, PPP (Current International $); (5) Energy Use (kg of Oil Equivalent per capita); (6) Electric Power Consumption (kWh per capita); (7) GDP (Current US$); (8) GDP Growth (Annual %); (9) Inflation, GDP Deflator (Annual %); (10) Agriculture, Value Added (% of GDP); (11) Industry, Value Added (% of GDP); (12) Service, etc., Value Added (% of GDP); (13) Exports of Goods and Services (% of GDP); (14) Imports of Goods and Services (% of GDP); (15) Gross Capital Formation (% of GDP); (16) Revenue, excluding Grants (% of GDP); (17) Time Required to Start a Business (Days); (18) Domestic Credit Provided by Financial Sector (% of GDP); (19) Tax Revenue (% of GDP); (20) High-Technology Exports (% of Manufactured Exports); (21) Merchandise Trade (% of GDP); (22) Net Barter Terms of Trade Index (2000 = 100); (23) External Debt Stock, Total (DOD, Current US$); (24) Total Debt Service (% of Exports of Goods, Services and Primary Income); (25) Personal Remittances, Received (Current US$); (26) Foreign Direct Investment, Net Flows (BoP, Current US$); and (27) Net Official Development Assistance and Official Aid Received (Current US$). Furthermore, statistical data of CEECs and the BRICS were retrieved from Atlas 2.1 – Growth Lab at the Center for International Development at Harvard University; UN Comtrade Maps; WITS – UNSD Comtrade and ITC.

  6. S

    South Korea Exports: First 20 days: BRIC

    • ceicdata.com
    Updated Dec 15, 2022
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    CEICdata.com (2022). South Korea Exports: First 20 days: BRIC [Dataset]. https://www.ceicdata.com/en/korea/trade-statistics-first-20-days/exports-first-20-days-bric
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    Dataset updated
    Dec 15, 2022
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    May 1, 2017 - Apr 1, 2018
    Area covered
    South Korea
    Variables measured
    Merchandise Trade
    Description

    Korea Exports: First 20 days: BRIC data was reported at 10.642 USD bn in Oct 2018. This records a decrease from the previous number of 12.329 USD bn for Sep 2018. Korea Exports: First 20 days: BRIC data is updated monthly, averaging 8.375 USD bn from Feb 2007 (Median) to Oct 2018, with 141 observations. The data reached an all-time high of 12.329 USD bn in Sep 2018 and a record low of 3.451 USD bn in Jan 2009. Korea Exports: First 20 days: BRIC data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.JA002: Trade Statistics: First 20 days .

  7. S

    South Korea Exports: First 25 days: BRIC

    • ceicdata.com
    Updated Mar 15, 2019
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    CEICdata.com (2019). South Korea Exports: First 25 days: BRIC [Dataset]. https://www.ceicdata.com/en/korea/trade-statistics-first-25-days/exports-first-25-days-bric
    Explore at:
    Dataset updated
    Mar 15, 2019
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2019
    Area covered
    South Korea
    Description

    South Korea Exports: First 25 days: BRIC data was reported at 10.518 USD bn in Mar 2019. South Korea Exports: First 25 days: BRIC data is updated monthly, averaging 10.518 USD bn from Mar 2019 (Median) to Mar 2019, with 1 observations. South Korea Exports: First 25 days: BRIC data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.JA002: Trade Statistics: First 25 days.

  8. Gross domestic product of the BRICS countries 2000-2030

    • statista.com
    Updated May 28, 2025
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    Statista (2025). Gross domestic product of the BRICS countries 2000-2030 [Dataset]. https://www.statista.com/statistics/254281/gdp-of-the-bric-countries/
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    Dataset updated
    May 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.

  9. S

    South Korea Imports: First 25 days: BRIC

    • ceicdata.com
    Updated May 1, 2022
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    CEICdata.com (2022). South Korea Imports: First 25 days: BRIC [Dataset]. https://www.ceicdata.com/en/korea/trade-statistics-first-25-days/imports-first-25-days-bric
    Explore at:
    Dataset updated
    May 1, 2022
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2019
    Area covered
    South Korea
    Description

    South Korea Imports: First 25 days: BRIC data was reported at 8.871 USD bn in Mar 2019. South Korea Imports: First 25 days: BRIC data is updated monthly, averaging 8.871 USD bn from Mar 2019 (Median) to Mar 2019, with 1 observations. South Korea Imports: First 25 days: BRIC data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.JA002: Trade Statistics: First 25 days.

  10. S

    South Korea Imports: First 20 days: BRIC

    • ceicdata.com
    Updated May 15, 2018
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    CEICdata.com (2018). South Korea Imports: First 20 days: BRIC [Dataset]. https://www.ceicdata.com/en/korea/trade-statistics-first-20-days/imports-first-20-days-bric
    Explore at:
    Dataset updated
    May 15, 2018
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    May 1, 2017 - Apr 1, 2018
    Area covered
    South Korea
    Variables measured
    Merchandise Trade
    Description

    Korea Imports: First 20 days: BRIC data was reported at 7.373 USD bn in Jun 2018. This records an increase from the previous number of 7.072 USD bn for May 2018. Korea Imports: First 20 days: BRIC data is updated monthly, averaging 5.783 USD bn from Feb 2007 (Median) to Jun 2018, with 137 observations. The data reached an all-time high of 7.582 USD bn in Jan 2018 and a record low of 3.184 USD bn in Feb 2009. Korea Imports: First 20 days: BRIC data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s Korea – Table KR.JA002: Trade Statistics: First 20 days .

  11. BRICS+ and G7 countries' share of the world's GDP in PPP 2000-2024

    • statista.com
    Updated May 30, 2025
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    Statista (2025). BRICS+ and G7 countries' share of the world's GDP in PPP 2000-2024 [Dataset]. https://www.statista.com/statistics/1412425/gdp-ppp-share-world-gdp-g7-brics/
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    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    World
    Description

    The BRICS countries overtook the G7 countries share of the world's total gross domestic product (GDP) in terms of purchasing power parity (PPP) in 2018. By 2024, the difference had increased even further, the BRICS now holding a total 35 percent of the world's GDP compared to 30 percent held by the G7 countries.

  12. Made-In Country Index: perception of products made in Russia, by country...

    • statista.com
    Updated Aug 25, 2023
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    Umair Bashir (2023). Made-In Country Index: perception of products made in Russia, by country 2017 [Dataset]. https://www.statista.com/topics/1393/bric-countries/
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    Dataset updated
    Aug 25, 2023
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Umair Bashir
    Area covered
    Russia
    Description

    This ranking displays the results of the worldwide Made-In-Country Index 2017, a survey conducted to show how positively products "made in..." are perceived in various countries all over the world. During this survey, 12 percent of respondents from Canada perceived products made in Russia as "slightly positive" or "very positive".

  13. Perception of products made in selected countries in Russia 2017

    • statista.com
    Updated Aug 25, 2023
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    Umair Bashir (2023). Perception of products made in selected countries in Russia 2017 [Dataset]. https://www.statista.com/topics/1393/bric-countries/
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    Dataset updated
    Aug 25, 2023
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Umair Bashir
    Area covered
    Russia
    Description

    This ranking displays the results of the worldwide Made-In-Country Index 2017, a survey conducted to show how positively products "made in..." are perceived in various countries all over the world. During this survey, 75 percent of respondents from Russia perceived products made in Japan as "slightly positive" or "very positive". The survey indicates that Japanese products have the strongest reputation in Russia, followed by German products.

  14. Made-In Index: Attributes associated with products made in Russia 2017

    • statista.com
    Updated Aug 25, 2023
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    Umair Bashir (2023). Made-In Index: Attributes associated with products made in Russia 2017 [Dataset]. https://www.statista.com/topics/1393/bric-countries/
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    Dataset updated
    Aug 25, 2023
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Umair Bashir
    Area covered
    Russia
    Description

    This statistic displays the results of the worldwide Made-In-Country Index 2017, a survey conducted to show how positively products "made in..." are perceived in various countries all over the world. For this statistic, respondents were asked about attributes they associate with products made in Russia. 17 percent of respondents stated they associate "advanced technology" with products from Russia.

  15. 韩国 出口:前20天:BRIC

    • ceicdata.com
    Updated Mar 15, 2025
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    CEICdata.com (2025). 韩国 出口:前20天:BRIC [Dataset]. https://www.ceicdata.com/zh-hans/korea/trade-statistics-first-20-days/exports-first-20-days-bric
    Explore at:
    Dataset updated
    Mar 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    May 1, 2017 - Apr 1, 2018
    Area covered
    韩国
    Variables measured
    Merchandise Trade
    Description

    出口:前20天:BRIC在10-01-2018达10,642.000百万美元,相较于09-01-2018的12,329.000百万美元有所下降。出口:前20天:BRIC数据按月更新,02-01-2007至10-01-2018期间平均值为8,375.000百万美元,共141份观测结果。该数据的历史最高值出现于09-01-2018,达12,329.000百万美元,而历史最低值则出现于01-01-2009,为3,451.000百万美元。CEIC提供的出口:前20天:BRIC数据处于定期更新的状态,数据来源于산업통상자원부,数据归类于全球数据库的韩国 – 表 KR.JA002:贸易数据:前20天。

  16. 韩国 进口:前20天:BRIC

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). 韩国 进口:前20天:BRIC [Dataset]. https://www.ceicdata.com/zh-hans/korea/trade-statistics-first-20-days/imports-first-20-days-bric
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    May 1, 2017 - Apr 1, 2018
    Area covered
    韩国
    Variables measured
    Merchandise Trade
    Description

    进口:前20天:BRIC在06-01-2018达7,373.000百万美元,相较于05-01-2018的7,072.000百万美元有所增长。进口:前20天:BRIC数据按月更新,02-01-2007至06-01-2018期间平均值为5,783.000百万美元,共137份观测结果。该数据的历史最高值出现于01-01-2018,达7,582.000百万美元,而历史最低值则出现于02-01-2009,为3,184.000百万美元。CEIC提供的进口:前20天:BRIC数据处于定期更新的状态,数据来源于산업통상자원부,数据归类于Global Database的韩国 – 表 KR.JA002:贸易数据:前20天。

  17. 韩国 进口:前25天:BRIC

    • ceicdata.com
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    CEICdata.com, 韩国 进口:前25天:BRIC [Dataset]. https://www.ceicdata.com/zh-hans/korea/trade-statistics-first-25-days/imports-first-25-days-bric
    Explore at:
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2019
    Area covered
    韩国
    Description

    。进口:前25天:BRIC数据按月更新,03-01-2019至03-01-2019期间平均值为8,871.000百万美元,共1份观测结果。CEIC提供的进口:前25天:BRIC数据处于定期更新的状态,数据来源于산업통상자원부,数据归类于全球数据库的韩国 – 表 KR.JA002:贸易数据:前25天。

  18. Monthly international payments currency share in SWIFT 2019-2025

    • statista.com
    Updated Jul 28, 2025
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    Statista (2025). Monthly international payments currency share in SWIFT 2019-2025 [Dataset]. https://www.statista.com/statistics/1189498/share-of-global-payments-by-currency/
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    Dataset updated
    Jul 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2019 - Jun 2025
    Area covered
    Worldwide
    Description

    The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

  19. 韩国 出口:前25天:BRIC

    • ceicdata.com
    + more versions
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    CEICdata.com, 韩国 出口:前25天:BRIC [Dataset]. https://www.ceicdata.com/zh-hans/korea/trade-statistics-first-25-days
    Explore at:
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2019
    Area covered
    韩国
    Description

    。出口:前25天:BRIC数据按月更新,03-01-2019至03-01-2019期间平均值为10,518.000百万美元,共1份观测结果。CEIC提供的出口:前25天:BRIC数据处于定期更新的状态,数据来源于산업통상자원부,数据归类于全球数据库的韩国 – 表 KR.JA002:贸易数据:前25天。

  20. Countries with the largest gross domestic product (GDP) 2025

    • statista.com
    Updated May 28, 2025
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    Statista (2025). Countries with the largest gross domestic product (GDP) 2025 [Dataset]. https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/
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    Dataset updated
    May 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Worldwide
    Description

    In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

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Statista (2025). Gross trade flows within BRICS countries and other selected countries 2022 [Dataset]. https://www.statista.com/statistics/1404108/brics-trade-turnover-by-country/
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Gross trade flows within BRICS countries and other selected countries 2022

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Dataset updated
Jun 30, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2022
Area covered
India, Russia
Description

China 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.

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