Iran and the BRICS member countries: A Study of Trade Synergies

Ansarinasab, Moslem; Bidmal, Najmeh

doi:10.22034/ca.2025.731850

Iran and the BRICS member countries: A Study of Trade Synergies

Document Type : Research Paper

Authors

Moslem Ansarinasab ¹

najmeh bidmal ²

¹ vali-e-asr

² phd

https://doi.org/10.22034/ca.2025.731850

Abstract

BRICS members have large economies, with fast growth and high influence on regional and global trade. Therefore, Iran's economy has a unique opportunity to join Iran and make optimal use of the high commercial capacities of this group. In this article, the index of trade similarity between Iran and BRICS members for the period of 2003-2022 was studied, and the results showed that Iran's trade similarity with China and India had the highest rate, followed by Iran's trade similarity with Russia, then Brazil, and finally Africa. South had the lowest commercial similarity rate. Also, the results of the bilateral export stability index of Iran's economy with the BRICS group indicate that Iran-India and Iran-Russia exports have enjoyed high stability in the last three decades. Also, the results of the stability index of bilateral trade of Iran's imports indicate that the imports of Iran-Brazil, Iran-Russia, Iran-India, Iran-China and Iran-South Africa have enjoyed high stability in the last three decades, respectively. On the other hand, the results of the co-movement index show that with Iran's membership in the BRICS group and the growth of Iran's trade with China, Iran's trade with other countries will be able to expand in line with it. the weak and strong points of trade with each of the five countries of the BRICS group extracted from the statistical analysis of this article, can be the road map of Iran's trade with the members be the BRICS group.

Keywords

Roadmap for Trade

BRICS Group

Trade Similarity

Trade of Iran

Trade Synergy

Subjects