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BRICS Exports Reach $6 Trillion in 2024, Goyal Says
Piyush Goyal said BRICS countries sold about $6 trillion worth of goods and services abroad in 2024.
He said this was much higher than the roughly $900 billion they exported in 2003.
BRICS countries now make up about 24% of all global exports.
That means nearly one-quarter of worldwide exports come from these countries.
Goyal spoke at a large business meeting called the BRICS Business Forum.
Business representatives discussed problems that can make international trade harder.
They also discussed farming technology, services, women-led businesses and digital business.
The meeting took place before the BRICS Summit starts on Saturday.
BRICS countries’ exports rose from about $900 billion in 2003 to $6 trillion in 2024, according to Piyush Goyal.
The BRICS nations’ share of global exports nearly doubled to about 24%.
Goyal made the remarks at the BRICS Business Forum on Friday.
The forum discussed non-tariff barriers, agriculture, services trade, women-led businesses and the digital economy.
The forum was held ahead of the two-day BRICS Summit beginning Saturday.
- Who
- Commerce and Industry Minister Piyush Goyal and representatives of BRICS countries.
- What
- Goyal said BRICS exports increased to $6 trillion in 2024 and that the group’s share of global exports reached about 24%.
- Where
- At the BRICS Business Forum; the specific location is not stated in the article.
- When
- The remarks were made on Friday; the two-day BRICS Summit was scheduled to begin Saturday.
- Why
- Goyal said the figures show the scale and potential of the BRICS market.
Key facts
- 2024 BRICS exports
- About $6 trillion
- 2003 BRICS exports
- About $900 billion
- Share of global exports
- About 24% in 2024
- Speaker
- Piyush Goyal, Commerce and Industry Minister
- Event
- BRICS Business Forum
- Discussion topics
- Non-tariff barriers, agriculture, services trade, women-led enterprises and the digital economy
- Related event
- Two-day BRICS Summit beginning Saturday
Quotes
Piyush Goyal
India's Commerce and Industry Minister
“This is the largest BRICS business forum ever held. The Forum has taken up issues such as non-tariff barriers impacting global value chains, agriculture and agri-technologies, services trade, women-led enterprises and digital economy.”
NDTV
Sources
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