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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

A version of this article appeared in the October 2008 issue of Fast Company magazine.