Telling Numbers: Shoes and clothes make up bulk of world trade in fakes

Based on customs seizure data, the report put trade in counterfeit and pirated goods at 3.3% of global trade in 2016, and the value of imported fake goods worldwide at $509 billion. (Photo for representation purpose)

China and Hong Kong are the source of 63% of counterfeit and pirated goods, followed by India at a distant third with 3.4%, according to a new report by the OECD and the EU's Intellectual Property Office. These three economies, along with the UAE and Singapore, together exported nearly 73% of fake goods exported worldwide in 2016, the report said.

Based on customs seizure data, the report put trade in counterfeit and pirated goods at 3.3% of global trade in 2016, and the value of imported fake goods worldwide at $509 billion. These figures do not include domestically produced and consumed fake goods, or pirated products being distributed via the Internet.

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. Small parcels sent by post or express courier are a prime and growing conduit for counterfeit goods. Small parcels accounted for 69% of total customs seizures by volume over 2014-2016 (57% via post and 12% via courier), the report said.

The countries most affected by counterfeiting in 2016 were the United States (24% of fake products seized), followed by France (17)%, Italy (15%), Switzerland (11%) and Germany (9%). (Source: OECD)