Current Affairs PDF Sales

India ranks on 5th Place in forge goods trade, China on Top in the list

India ranks fifth position in the exports of Fake goods globally, while china is No.1 in the list with a huge 63 % share in the estimated half-a-trillion dollar worldwide imports of forged and pirated goods.

Fake Good Trade Ranking Nation % of Fake goods
1 China 63.2
2 Turkey 3.3
3 Singapore 1.9
4 Thailand 1.6
5 India 1.2

Listed by: OECD (Organisation Economic Cooperation and Development) and the European Union’s Intellectual Property Office

Ranking of Countries affected by global Trade in fake foodsIndia on 5th place in fake goods trade

  1. US
  2. Italy
  3. France
  4. Switzerland
  5. Japan

Value of imported fake goods worldwide at USD 461 billion in 2013, compared with total imports in world trade of USD 17.9 trillion

  • 5% of goods imported into the European Union are fakes
  • Half a million customs seizures around the world over 2011-13
  • Fake products handbags, perfumes, machine parts, chemicals and footwear

Causes of Counterfeiting – Endanger lives

  • Auto parts that fail, pharmaceuticals that make people sick, toys that harm children, baby formula that provides no nourishment and medical instruments that deliver false readings

Postal parcels are the top method of shipping forged goods, accounting for 62% of seizures, reflecting the growing importance of online commerce in international trade