International Trade: Reviewing Relative Competency Index of BRICS Countries

International Trade has always attracted the development of new economic theories and models. Strengths and weakness of economies could be identified from the export performance and import statistics. Earnings in foreign exchange have been regarded as a strong measure of favourable Balance of Payment and Balance of Trade. This paper attempts to describe the international trade performance of BRICS countries using Relative Comparative Advantage Index [RCAI]. Each country shall be identified with varied capacity of resources and strength. Chinese economy outperforms others in Machines and Electronics whereas India has a relative advantage in Chemicals and few other segments. Prospects of consolidated advantage remain though strong internal competition for supremacy is a reality.