A Study on Intra Trade in BRICS Countries

The study investigated the intra trade among the BRICS countries, BRICS is an acronym for the group of five leading emerging economies, namely, Brazil, Russia, India, China and South Africa using secondary data collected from the official web sites of ICT Trade Map covered the period from 2006 to 2016.BRICS countries have made significant progress in integrating with the global economy. Analysis of trading patterns within BRICS countries reveals that levels of intra-BRICS trade are quite diverse, mainly reflecting comparative sizes of the economies. Over the past decade, intra-BRICS trade has increased by nearly threefold, supported by increase in intra-regional trade for all the member countries. An analysis of the intra-BRICS trade reveals that China as played a significant role by accounting for nearly half of the intra-BRICS trade. This was followed by India, Brazil, Russia, and South Africa.