Abstract:

More than 40% of the world’s population and approximately 25% of the global GDP (GDP), the BRICS (Brazil, Russia, India, China and South Africa) group countries are expected to be the global economic forces of the years ahead, thanks to the economic performance they have shown in recent years. Turkey will also have the economic performance that the BRICS group countries have shown in the near future, and the view of its economy and participation in this group is increasing. It is also predicted that in the next 30 years these countries will make up 50% of the global domestic net income. In this study, which aims to reveal the basic characteristics of foreign trade with the BRICS group countries, the BRICS group countries are trying to describe the development of foreign trade with the BRICS group countries from 2010 to the end of 2019. Furthermore, the foreign trade relations between Turkey and the BRICS group countries between 2010 and 2019 were analyzed using export and import intensity indicators. According to the study, Turkey’s BRICS group countries showed the development of bilateral trade, but the result of the bilateral trade it has achieved has given external trade disadvantages and the external trade is in favour of the BRICS group countries.

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Abstract:

BRICS (Brazil, Russia, India, China and South Africa), which have more than 40% of the world population and about 25% of the global GDP, are expected to have global economic powers in the years, thanks to the economic performance of the countries. Turkey is also in a similar manner having shown that the BRICS group of countries in the near future will have on economic performance and economy is increasing the participation of opinion between these groups. It is estimated that these countries will constitute 50% of global GDP in the next 30 years. In order to explain basic characteristics which aims to reveal these workplaces in global trade respectively BRICS group of countries the foreign trade between Turkey and the BRICS group of countries then Turkey's BRICS group of foreign trade in some of the countries with the country tried to be described to show how a development from 2010 to until the end of 2019. It has also been analyzed using the foreign trade import and export intensity index between the years 2010-2019 took place between the BRICS group of countries with Turkey. In the study results, Turkey made the development of the BRICS group of countries with bilateral trade but given the trade deficit in bilateral trade results that have made and foreign trade of the BRICS group of countries have concluded that you favor.