22/09/2026
๐ฎ๐ณINDIAโS EXPORTS TO CORE BRICS MARKETS SURGE 34%
Indiaโs trade with major BRICS economies is showing strong export growth.
During AprilโAugust 2026, Indiaโs exports to the four major BRICS markets โ China, Russia, Brazil and South Africa โ increased by 34% to US$19.9 billion, compared with US$14.9 billion during the same period a year earlier.
๐จ๐ณ China: Exports rose 39% to around US$9.6 billion
๐ฟ๐ฆ South Africa: Exports rose 58%
๐ง๐ท Brazil: Exports rose 13%
๐ท๐บ Russia: Exports rose 11%
The share of these four markets in Indiaโs total exports also increased from 8.1% to 9.2%.
๐ What does this mean?
The numbers indicate that Indian exporters are expanding their presence across important BRICS markets. This could create additional opportunities for Indian manufacturing, agriculture, engineering products, pharmaceuticals, technology and other export sectors.
The rise in exports to China is particularly notable. However, a 39% increase in exports does not automatically mean that Indiaโs overall trade deficit with China has fallen. Imports and the total bilateral trade balance need to be considered separately.
Similarly, five months of data provides an important trend, but it is too early to describe it as a permanent structural shift in Indiaโs BRICS trade.
Indiaโs broader exports have also remained strong: during AprilโAugust 2026, Indiaโs combined merchandise and services exports were estimated at US$399.27 billion, while merchandise exports were around US$215.91 billion.
๐ The bigger picture:
BRICS is becoming an increasingly important part of the global trade landscape, and rising Indian exports to its major markets point toward expanding commercial opportunities.
34% โ โ Exports to four major BRICS markets
US$19.9B โ Indiaโs exports during AprโAug 2026
39% โ โ Exports to China
US$9.6B โ Exports to China
Figures are based on reported Ministry of Commerce data and September 2026.
