BRICS Intra-Trade Reaches 37% of World Transactions: A New Economic Order?
According to the latest report from Bloomberg, trade between BRICS members (Brazil, Russia, India, China, and South Africa) has reached 37% of the world’s cross-border transactions. This significant milestone signals a growing shift in global economic power and highlights the increasing importance of intra-BRICS trade.
The Rise of Intra-BRICS Trade: The rise in trade is a powerful indicator of the group\'s economic influence. BRICS countries initiate billions worth of trade deals in transactions for crude oil, gas, and other goods and services. Trade between BRICS members increased significantly in 2025. The accelerated growth of intra-BRICS trade is particularly noteworthy against the backdrop of a 3% contraction in global trade during 2025, with a 5% decline in [unspecified regions].
Key Drivers of Growth: Several factors contribute to this surge. Brazil and Russia contribute substantially to global trade through their vast natural resources, and South Africa plays a pivotal role as a gateway to the African continent. China also registered an increase of 11.3% in trade with other BRICS members in 2025. In 2025, Russia’s trade volume with other BRICS members reached $294 billion, about 41.4% of its total foreign trade.
Strategic Initiatives and Trade Agreements: With its innovative trade agreements and strategic financial initiatives, intra-BRICS trade is emerging as a powerful counterweight to traditional Western-dominated systems. Under the leadership of the Ministry of Development, Industry, Trade and Services, the declaration outlines three priority areas: strengthening the multilateral trading system. What does this all mean for the future of global commerce?
Economic Powerhouse: Analysts estimate that the combined gross domestic product (GDP) of the enlarged BRICS in PPP terms will be around US$65 trillion. This would raise the group\'s share of global economic output substantially.
Stay tuned for further analysis on the implications of BRICS intra-trade and its impact on the global economy.