International Trade in Goods as a Mean for Enforcing BRICS’ Influence to the World Economy

Current trends in the world trade are characterized by a change in the re-allocation of import and export destinations, changing position of the dominant world superpowers and a substantial surge in mutual trade between developed and developing countries. These trends are reflected in the increasing importance of BRICS emerging economies. Conclusions from the BRICS summits show that trade is one of the pillars of economic cooperation. Therefore, international trade provides a useful tool for exploring the deepening cooperation between the respective economies and the enforcement of their influence in the world economy. The main aim of the dissertation thesis is to assess BRICS' trade relations in the context of partial interests and growing importance in the world economy, and on the basis of statistical data on exports and imports of goods to analyze trade relations, their changes and trends. Results reveal that BRICS countries are increasingly gaining importance in global trade, although the causes of their export success is different according to the CMS analysis. Their mutual trade is growing faster than their trade with the rest of the world, but they still do not trade together at a level that would match their potential.