- 10.01.08
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
