In a recent report on global trade, it was stated that the world's total merchandise exports reached $18.89 trillion in 2020, showing a decline of 7% compared to the previous year. The COVID-19 pandemic had a significant impact on the global trade sector, with all regions experiencing a decrease in exports. The report also highlighted that the services sector saw a decline of 21% in its exports, amounting to $5.03 trillion. As countries continue to recover from the economic effects of the pandemic, international trade is expected to gradually improve in the coming years.