Final answer:
The industry that comprises about 85 percent of world trade is manufactured goods and commodities, despite significant growth in the global services trade sector.
Step-by-step explanation:
The industry that accounts for about 85 percent of world trade is manufactured goods and commodities. While the global services trade sector has seen rapid growth and now exceeds $6.1 trillion, over one-fifth of total world trade, it still falls short of the trade in goods, which includes various sectors like manufacturing, industry, biotechnology, telecommunications, aviation, and shipbuilding among others. Because of technological advances, especially in telecommunications and computers, the international trade in services has increased, including services such as finance, law, advertising, management consulting, software, construction engineering, and product design. However, most global trade is still heavily reliant on the exchange of physical goods rather than services, consistent with traditional reporting on the merchandise trade balance.