Counterfeit Trade Estimated To Be Worth $461 Billion A Year

In 2013, counterfeit goods worth more than €461 billion (about $524 billion at current exchange) were sold across the world, according to aa report Monday by the Organization for Economic Cooperation and Development and the European Union’s Intellectual Property Office.
The study looked at half a million customs seizures from around the world over the period 2011 to 2013. according to WWD. It estimated that, in 2013, up to 5 percent of goods imported into the European Union in 2013 were fakes. The accessories were worth about €85 billion (or $116 billion).