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China’s economic dominance looms over BRICS

China’s economic dominance looms over BRICS
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive Multilateralism

Source: ThePrint | Original Published At: 2026-09-12 13:11:08 UTC

Key Points

  • China remains the largest trading partner for every BRICS member-state, according to UN Comtrade data analysed by ThePrint.
  • In 2024, China’s goods trade with Russia was about $244 billion, with imports of $129 billion and exports of $115 billion.
  • China’s two-way trade with Brazil was roughly $188 billion in 2024, with Brazil running a trade surplus of about $44 billion.
  • China’s two-way trade with India stood at $137 billion in 2024, with China maintaining a $113 billion trade surplus.
  • All six newer BRICS members—Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates—also count China as their top trading partner.
  • China is set to take over the BRICS presidency from India in 2027, while Beijing is also scheduled to host the APEC forum in November.
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