China releases index gauging trade with other BRICS members

XIAMEN, Sept. 9 (Xinhua) -- 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 being held in Xiamen, east China's Fujian Province. The index unveiled in Xiamen reflects sustained improvement in both trade scale and structure.

Compiled by the General Administration of Customs (GAC), the index set its base period at 2009, the year BRICS leaders held their first meeting, with a value of 100 points. In 2024, the index had climbed to 301.51 points.

The index comprises four indicators that respectively measure the scale, structure, innovation and potential of trade. It is designed to monitor bilateral trade development and provide decision-making support for both government departments and businesses.

From 2009 to 2024, these four indicators showed solid growth, with values of 283.73 for trade scale, 192.27 for trade structure, 342.81 for trade innovation and 387.21 for trade potential -- indicating burgeoning vitality in trade between China and other BRICS members.

Cai Junwei, an official with the GAC, said the compilation and regular release of this index will comprehensively reflect trade development between China and other BRICS members, demonstrate the fruitful outcomes of economic and trade cooperation among BRICS countries, and further promote such exchanges.