China launches BRICS trade index to measure dynamics of trade between member countries

A new index designed to measure the strength and dynamics of trade between China and its fellow BRICS member nations has been launched. This is reported by Xinhua News Agency, a partner of TV BRICS.

The index reflects a sustained increase in both the volume and sophistication of trade between China and the other BRICS nations, signalling deeper economic integration and cooperation, according to TV BRICS.

The BRICS trade index uses 2009 as its base year, the year BRICS leaders held their first official meeting, with an initial value of 100 points. By 2024, the index had risen significantly to 301.51 points.

The index comprises four key indicators, each designed to capture a specific dimension of trade: scale, structure, innovation, and potential. These indicators allow analysts to monitor bilateral trade development and provide data-driven insights for policymakers and businesses operating within the BRICS framework.

From 2009 to 2024, each of the four key indicators showed strong growth. The index recorded values of 283.73 for trade scale, 192.27 for trade structure, 342.81 for trade innovation, and 387.21 for trade potential.

The index will also serve to highlight the positive outcomes of economic and trade cooperation among BRICS countries, further promoting trade and investment between these important emerging economies.

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