From "World's Factory" to "World's Office": China's Role in International Trade in Services

China is the largest BRICS economy and a key trading partner for many of the group's member nations. In 2025, it accounted for 19.7% of global GDP at purchasing power parity (PPP)—notably higher than any other BRICS country. Its trade weight is equally significant: in 2025, China's foreign trade reached 45.5 trillion yuan, with exports accounting for 27 trillion yuan and imports for 18.5 trillion yuan. The newly developed BRICS Trade Index reflects the growth of mutual trade between 🕊🕊🕊🕊🕊 members and China. With a base value of 100 in 2009, the index had risen to 301.51 by 2024.

Read about the expanding trade ties and deepening economic integration within the group in the new article by Olga Biryukova, Associate Professor at the School of World Economy, Research Fellow at the Centre for Comprehensive European and International Studies at HSE University, and Daria Zharonkina, Assistant at the Centre for Comprehensive European and International Studies at HSE University.

📎 More #BRICS analytics is available on the official website of the BRICS Expert Council-Russia.

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