BRICS share of Brazilian exports increases from 8% to 42% in 20 years

In the year 2000, the 19 countries projected to make up the BRICS bloc—including full members and partners—imported only $4 billion worth of Brazilian goods, accounting for just 8% of Brazil’s exports.

By 2024, these same countries purchased $144 billion in Brazilian products, or 42% of all Brazilian exports during the first nine months of the year.

Over the past decade, Brazilian exports to BRICS countries have surged by 100%, while sales to non-BRICS markets rose by only 22%.

The shift is even more striking when considering another geopolitical divide: between the Global South and the Global North.

In 2000, the Global South—also known as the Global Majority, as it includes most of the world’s population—acquired 49% of Brazil’s exports. The Global North, comprising the U.S., Europe, Japan, and other “developed” nations, accounted for 51% of Brazilian exports.

Today, that balance has shifted dramatically. The Global South now takes in 73% of Brazilian exports, while the Global North’s share has dropped to just 27%.

Source: O Cafezinho

Click here to read the original article: https://www.ocafezinho.com/2024/10/30/exclusivo-participacao-do-brics-nas-exportacoes-brasileiras-passa-de-8-para-42-em-20-anos/

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