Lok Sabha Question No. 3655 (UNSTARRED), answered on 2026-03-13
Subject: BRICS Summit
Ministry: EXTERNAL AFFAIRS
Asked by: Shri Ramprit Mandal, Shri Dinesh Chandra Yadav

## GOVERNMENT OF INDIA MINISTRY OF EXTERNAL AFFAIRS LOK SABHA UNSTARRED QUESTION NO- 3655 ANSWERED ON- 13/03/2026

## BRICS SUMMIT

## 3655. SHRI RAMPRIT MANDAL

## SHRI DINESH CHANDRA YADAV

Will the Minister of EXTERNAL AFFAIRS be pleased to state:-

(a) The details of the main themes of the BRICS Summit held under the chairmanship of India;

(b) whether any initiative was taken or agreement was reached during the BRICS Summit regarding trade among all member nations in their respective local currencies, if so, the details thereof; and

(c) the details of the current volume of India's trade with BRICS nations?

## ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF EXTERNAL AFFAIRS

## (SHRI PABITRA MARGHERITA)

- (a)   India has chaired BRICS four times so far (2012, 2016, 2021, and now 2026). Each chairship has been guided by a distinct theme that reflects India's priorities, as listed below:
- (b)  There is no agreement within the BRICS framework on trade among all member nations in their respective local currencies. However, the issue of local currency financing has been discussed in the context of the BRICS Interbank Cooperation Mechanism.
- (c) Details of Volume of India's Trade with BRICS nations for the FY 202425 is placed at Annexure I.

|   S.No |   Chairship Year | Theme                                                                         |
|--------|------------------|-------------------------------------------------------------------------------|
|      1 |             2012 | BRICS Partnership for Global Stability, Security and Prosperity               |
|      2 |             2016 | Building Responsive, Inclusive and Collective Solutions (BRICS)               |
|      3 |             2021 | BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus |
|      4 |             2026 | Building for Resilience, Innovation, Cooperation and Sustainability           |

## ANNEXURE-I

| BRICS Trade in Merchandise Goods   | BRICS Trade in Merchandise Goods   | BRICS Trade in Merchandise Goods   |
|------------------------------------|------------------------------------|------------------------------------|
| Country Name                       | Exports from India in 2024-25      | Imports by India in 2024-25        |
| China                              | 14.25                              | 113.46                             |
| Russia                             | 4.88                               | 63.84                              |
| United Arab Emirates               | 36.64                              | 63.42                              |
| Saudi Arabia                       | 11.76                              | 30.12                              |
| Indonesia                          | 5.38                               | 22.78                              |
| South Africa                       | 7.46                               | 10.55                              |
| Ethiopia                           | 0.48                               | 0.07                               |
| Iran                               | 1.24                               | 0.44                               |
| Brazil                             | 6.77                               | 5.44                               |
| Egypt                              | 3.41                               | 1.33                               |
| Data in US$ billion Source: DGCIS  | Data in US$ billion Source: DGCIS  | Data in US$ billion Source: DGCIS  |

| BRICS Trade in Services                 | BRICS Trade in Services                 | BRICS Trade in Services                 |
|-----------------------------------------|-----------------------------------------|-----------------------------------------|
| Country Name                            | Exports from India in 2024-25           | Imports by India in 2024-25             |
| Saudi Arabia                            | 4.74                                    | 1.1                                     |
| Brazil                                  | 3.73                                    | 1.78                                    |
| United Arab Emirates                    | 6.12                                    | 4.24                                    |
| China                                   | 8.6                                     | 7.3                                     |
| Indonesia                               | 2.44                                    | 1.51                                    |
| South Africa                            | 1.93                                    | 1.11                                    |
| Iran                                    | 0.6                                     | 0.24                                    |
| Ethiopia                                | 0.38                                    | 0.14                                    |
| Russia                                  | 1.65                                    | 1.58                                    |
| Egypt                                   | 1.13                                    | 1.59                                    |
| Values in USD Billion Source: WTO Stats | Values in USD Billion Source: WTO Stats | Values in USD Billion Source: WTO Stats |

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