China's trade with fellow BRICS nations up 19.1% in 2023

Specific figures reveal that China’s exports to BRICS nations totalled 1.23 trillion yuan, a YoY growth of 23.9 per cent, while imports stood at 1.15 trillion yuan, growing 14.3 per cent on a yearly basis, as per the General Administration of Customs (GAC).

China’s private companies, in particular, have shown great enthusiasm in expanding into these markets, with a rapid growth in trade volume. Their foreign trade amounted to 1.36 trillion yuan, marking a growth of 29.4 per cent, accounting for 57.1 per cent of the total trade volume between China and other BRICS countries.

ALCHEMPro News Desk (NB)