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March 30, 2017
OECD data shows almost 20% of cell phones in international trade are counterfeit
According to a new report from the Organisation for Economic Co-operation and Development (OECD), nearly one in five cell phones and one in four video game consoles shipped internationally is counterfeit.
The report finds that smartphone batteries, chargers, memory cards, magnetic stripe cards, solid state drives and music players are also increasingly falling prey to counterfeiters.
On average, 6.5% of global trade in information and communication technology (ICT) goods is in counterfeit products, according to analysis of 2013 customs data. That is well above the 2.5% of overall traded goods found to be fake in a 2016 report.
The report estimates the value of global trade in counterfeit ICT goods at US$143 billion as of 2013, based on data from nearly half a million customs seizures around the world over 2011-13.
Almost two-thirds of counterfeit ICT goods are shipped by express and postal services, significantly complicating the screening and detection process.
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