Most of the world merchandise trade is comprised of trade in ________.

Question

Quizplus · Accepted Answer

According to the World Trade Organization (WTO), manufactured goods make up the majority of global merchandise trade. In 2019, manufactured goods accounted for 72% of the world's merchandise exports. Natural resources and knowledge-based goods are also important products in international trade, but they do not make up as large of a share as manufactured goods. Services are a growing sector in global trade, but they do not fall under the category of merchandise trade.

Most of the World Merchandise Trade Is Comprised of Trade