An index measuring trade between China and other BRICS member countries was released on Tuesday at the 25th China International Fair for Investment and Trade in Xiamen, east China’s Fujian Province. The index reflects continuous improvement in both the scale and structure of trade.
Compiled by the General Administration of Customs (GAC), the index takes 2009 — the year when BRICS leaders held their first meeting — as the base period with 100 points. By 2024, the index had risen to 301.51 points.
The index consists of four indicators measuring trade scale, trade structure, innovation, and potential, respectively. It aims to track the development of bilateral trade and provide decision-making support for both government departments and businesses.
Between 2009 and 2024, these four indicators showed remarkable growth: 283.73 for trade scale, 192.27 for trade structure, 342.81 for trade innovation, and 387.21 for trade potential. These figures highlight the growing vitality of trade between China and other BRICS members.
Cai Junwei, an official with the GAC, stated that compiling and regularly publishing the index will comprehensively reflect trade development between China and BRICS members, demonstrate the tangible outcomes of economic and trade cooperation among BRICS countries, and further enhance such exchanges.