March 20, 2019

OECD says 3.3% of internationally traded goods are counterfeit

A new report from the Organisation for Economic Co-operation and Development (OECD) and the EU's Intellectual Property Office indicates that trade in counterfeit and pirated goods has risen steadily in the last few years - even as overall trade volumes stagnated - and now stands at 3.3% of global trade.

Trends in Trade in Counterfeit and Pirated Goods puts the value of imported fake goods worldwide based on 2016 customs seizure data at USD 509 billion, up from USD 461 billion in 2013 (then 2.5% of world trade).

The goods making up the biggest share of 2016 seizures in dollar terms were footwear, clothing, leather goods, electrical equipment, watches, medical equipment, perfumes, toys, jewellery and pharmaceuticals.

The majority of fake goods picked up in customs checks originate in mainland China and Hong Kong. Other major points of origin include the United Arab Emirates, Turkey, Singapore, Thailand and India.

The countries most affected by counterfeiting in 2016 were the United States, whose brands or patents were concerned by 24% of the fake products seized, followed by France at 17%, Italy (15%), Switzerland (11%) and Germany (9%). A growing number of businesses in Singapore, Hong Kong and emerging economies like Brazil and China are also becoming targets.

The report, Trends in Trade in Counterfeit and Pirated Goods, is available on the OECD's website.