BRICS to outpace G7 in global exports share – report ...News

The group of emerging economies currently accounts for 23.3% of world merchandise trade, according to Ernst & Young India The BRICS group could overtake the G7 countries in terms of its share of global merchandise exports by 2026, Ernst and Young India has projected. According to a report issued on Wednesday, BRICS nations’ combined share of global merchandise exports rose from 10.7% in 2000 to 23.3% last year. In contrast, the G7 share has declined from 45.1% to 28.9%. The share of the rest of the world in global merchandise exports has increased slightly from 44.2% to 47.9% during the same period. The report hig

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