BRICS Trade with Australia Hits Record High: $145 Billion and Rising
Australia's trade ties with the BRICS nations (Brazil, Russia, India, China, and South Africa) have reached an unprecedented $145 billion, signaling a significant shift in global economic partnerships. Once widely dismissed as irrelevant, the BRICS bloc has seen a resurgence amid the Russian invasion of Ukraine and rising US-China tensions. The economic partnership between Brazil, Russia, India, China, and South Africa is proving increasingly vital.
China's Dominant Role in Australia-BRICS Trade
BRICS member China is rapidly increasing its trade deals with Australia despite having political fallouts for over a decade. The latest data shows that Australia’s trade with China has touched unprecedented levels. In April this year, the two countries signed multiple trade agreements to boost this further, resulting in bilateral trade reaching US$13.85 billion in June 2025, suggesting that China takes up the majority of overall trade within BRICS in 2025.
Brazil's Growing BRICS Trade Chain
Brasil’s trade chain with the BRICS totaled USD 210 billion, representing 35% of the total in 2025. BRICS was the destination of USD 121 billion in Brazilian exports, highlighting the growing interdependence within the bloc.
Implications for Australian Businesses
As the bloc increasingly, Australian corporations must see these shifts and try to couple up with this change in the nature of China trade. According to BRICS diplomats within ASEAN, Australian trade diplomats 4 de sept. de 2025 must adapt to the evolving landscape.
BRICS: More Than Just Trade
Beyond trade figures, BRICS nations are exploring alternative financial systems, including a system which is based on the principles of Sharia law, to attract investment from the Middle East and other Muslim countries. This indicates a broader strategy to diversify economic alliances and reduce reliance on traditional Western financial institutions.
Looking Ahead: BRICS GDP, Foreign Currency Reserves, and Trade
The continued growth in trade between Australia and the BRICS nations depends on various factors, including BRICS Countries: GDP, Foreign Currency Reserves, and Trade policies, geopolitical stability, and the ability of Australian businesses to adapt to the unique demands of these markets. The record-high trade volume signals a potential for even greater collaboration in the future.