India is 5th largest in fake goods exports, China first

The Dollar Business Bureau

The fifth largest exporter of fake goods globally is India, while China holds the first place with 63 percent share in estimated half a trillion market of pirated and counterfeited goods.

According to a study by EUIPO (European Union Intellectual Property Office) and OECD (Organization Economic Cooperation and Development), China tops the list of countries exporting fake goods globally, followed by Turkey, Singapore, Thailand and India.

The products made in China accounted for 63.2 percent of the half a trillion fake goods market while the Turkey’s share accounted for 3.3 percent.

It was then followed by Singapore’s share with 1.9 percent, Thailand with 1.6 percent share and India with 1.2 percent share, respectively.

The country that was hit hard by these fake goods is the US followed by Italy, France Switzerland and Japan.

According to the study, the total value of the fake goods worldwide in 2013 stood at $461 billion while the total imports in the world trade for the same period was $17.9 trillion.

The report analysed half a million custom seizures from 2011-13 and also pointed out that its findings are contradicting the fact that only luxury goods manufacturers or the big companies are hurt by the fake good market. 

The fake products are everywhere from handbags to chemicals. However, the most commonly faked goods are footwear, even though trademarks are breached.

OECD said that many of the innovative goods also fall prey to the counterfeiters. It also pointed out that the emerging economies suffer from the gaps in the government and also lack enforcement and institutional capability to productively address counterfeiting.

The fake goods are mostly shipped is through postal parcels. They account for 62 percent of subjection, which reflects the importance of the online commerce in the global trade.