In 2024, five countries (Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates)
joined the original BRICS countries (Brazil, Russia, India, China, South Africa), reflecting a
clear commitment of the group to become a relevant global actor. This study explores the
reshaping of global trade patterns by estimating the determinants of exports with a focus on the
technological content of traded goods between the BRICS extended network with China. By
estimating the determinants of exports with a focus on the technological content of traded
goods, we explore the importance of China within the BRICS network and examine how BRICS
modifies the trade pattern in mid- and high-technology products. Using a unique dataset, further
augmented to include trade in technologically innovative products, this paper seeks to
understand how technological capacity has a key role in the determination of China-BRICS
technological trade. Continue Reading