According to the report Global Trade Update 2020 released by UNCTAD, the value of international trade in goods is expected to plunge further by how much percent in the ongoing second quarter due to coronavirus pandemic?

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

According to the report ‘Global Trade Update 2020’ released by UNCTAD, the value of international trade in goods is expected to plunge further by how much percent in the ongoing second quarter due to coronavirus pandemic?

A	17%
B	37%
C	47%
D	27%

Explanation:

Detailed explanation-1: -TRADE SUMMARY FOR WORLD 2020 The total value of exports (FoB) was 19, 237, 810 million. The total value of imports (CIF) was 17, 221, 104 million. At the HS6 digit level, 4, 610 products were exported to 239 countries and 4, 638 products were imported from 240 countries.

Detailed explanation-2: -India’s share of merchandise exports amounted to around 1.57 percent of the total global exports in 2020. Moreover, the share of commercial service exports from the country was higher at 4.1 percent during that same period.

Detailed explanation-3: -The ratio of international trade in goods and services relative to GDP peaked at 21.8 % in 2019, fell to 20.2 % in 2020, before subsequently rebounding to 21.5 % in 2021.

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