Global Counterfeit Trade Continues Steady Climb, OECD Claims

A new report by the Organisation for Economic Co-operation and Development (OECD) and the EU Intellectual Property Office, have revealed that, in 2021, global trade in counterfeit goods was valued at approximately $467 billion, or 2.3% of total global imports. This absolute value represents an increase from 2019, when counterfeit trade was at $464 billion, although its relative share decreased compared to 2019 when it accounted for 2.5% of world trade. For imports into the EU, the value of counterfeits was estimated at $117 billion, or 4.7% of total EU imports.