Fast Company

Big Business in Counterfeit Goods

The U.S. government made more than 13,000 seizures of counterfeit goods in 2007, 1,000 less than in 2006. But the value of those products totaled $196 million, a 27% increase from 2006.

Top Products Seized in 2007 What knockoffs cost major industries, annually
Footwear 40% Software $34 billion
Apparel 14% Pharmaceuticals $32 billion
Consumer electronics 8% Autos $12 billion
Handbags, wallets, backpacks 7% Motion pictures $6.1 billion
Watches and watch parts 7% Artistic recordings $4.6 billion
Pharmaceuticals 6%
Computers 5%
Media 4%
Sunglasses and parts 2%

Sources: U.S. Chamber of Commerce; U.S. Customs and Border Protection Office of International Trade

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