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I. Introduction 4
Acknowledgements 6
A message from Director-General 7
II. Highlights of world trade in 2020 and the impact of COVID-19 8
World trade overview 10
Merchandise trade 12
Commercial services 15
Leading traders 18
Least-developed countries 19
III. World trade and economic growth, 2020-21 20
Trade and GDP in 2020 and early 2021 22
Merchandise trade volume 23
Commodity prices 26
Exchange rates 27
Merchandise and services trade values 28
Leading indicators of trade 31
Economic recovery from COVID-19 34
IV. Composition, definitions & methodology 40
Composition of geographical and economic groupings 42
Definitions and methodology 42
Specific notes for selected economies 49
Statistical sources 50
Abbreviations and symbols 51
V. Statistical tables 52