Market access for products and services of export interest to least developed countries, 2021 (Note by the Secretariat, WTO)

This Note, which is prepared by the Secretariat on an annual basis, provides an update on the trends in the least developed countries' (LDCs) trade and market access conditions. Between 2011 and 2020, exports of goods and services of the LDCs decreased at an average annual rate of -0.7%, more than the exports of other developing economies (-0.1% per year). Low energy prices influenced LDC exports of goods negatively during the period 2014 to 2016 and during the peak of the COVID-19 pandemic in 2020. LDC exports of goods and commercial services fell by 16% in 2020 compared to 2019, to a nominal value of USD 200.6 billion.