BRICS intra-group trade reaches $1.2 trillion, Business Council says

Source: Brasil 247 | Original Published At: 2026-10-01 03:29:43 UTC

Key Points

• Andrei Guryev, head of the Russian section of the BRICS Business Council, said intra-BRICS trade reached $1.2 trillion.
• He stated that mutual trade within BRICS doubled over the past five years.
• Guryev noted that the $1.2 trillion figure represents only 3% of global trade, indicating high growth potential.
• He said BRICS accounts for more than 40% of global GDP and has hidden potential across sectors.
• Guryev added that Russia imported about $100 million of clothing from India in 2025.
• That figure represented nearly double the level five years earlier but only about 2% of Russia's total ready-made clothing imports.