China and India drive BRICS trade expansion as intra-bloc commerce gains momentum: report

Source: Business Today | Original Published At: 2026-09-10 11:26:06 UTC

Key Points

• China remains the largest BRICS economy, with 2025 GDP estimated at about $19.63 trillion.
• India ranks as the seventh-largest economy, with 2025 GDP valued at about $3.92 trillion.
• Intra-BRICS exports have quadrupled over the past decade, with China exporting more than $500 billion to other BRICS members in 2024.
• India, Indonesia, Russia, and the United Arab Emirates recorded sizeable exports to fellow BRICS countries, with trade flows of about $80 billion to $180 billion.
• Iran and Ethiopia depend heavily on BRICS economies for imports, with dependence exceeding 65% and near 45%, respectively.
• Growing intra-BRICS commerce is increasing pressure to develop cross-border payment systems that reduce reliance on the U.S. dollar.