technology
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