Xiamen: 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 new index reflects sustained improvement in both trade scale and structure.

According to Namibia Press Agency, the index was compiled by the General Administration of Customs (GAC) and set its base period at 2009, the year BRICS leaders held their first meeting, with an initial value of 100 points. By 2024, this index had risen significantly to 301.51 points.

This trade index comprises four indicators that measure the scale, structure, innovation, and potential of trade. It is intended to monitor the progress of bilateral trade development and provide decision-making support for government departments and businesses alike.

From 2009 to 2024, the four indicators exhibited substantial growth, with recorded values of 283.73 for trade scale, 192.27 for trade structure, 342.81 for trade innovation, and 387.21 for trade potential. These figures indicate increasing dynamism in trade between China and other BRICS members.

Cai Junwei, an official with the GAC, stated that the compilation and regular release of this index will comprehensively reflect the trade development between China and other BRICS nations, demonstrating the successful outcomes of economic and trade cooperation among these countries and further promoting such exchanges.