We’ve all seen counterfeit products sold at street vendors and open air markets. Whether it is fake designer purses, sunglasses or pirated movies, counterfeit products abound. However, the global trade in counterfeit products seems to be escalating in today’s globalized world. The Organization for Economic Co-operation and Development (OECD) recently issued a study that estimates the global trade in counterfeit brands and products at a whopping $591 billion a year. That’s roughly the size of the Australian economy, which is pretty big. The OECD singles out China as the nerve centre for fake products and says few brands are off limits when it comes to making knock-offs. And the counterfeit trade shows no signs of slowing down anytime soon. Here then is a list of the 10 most counterfeited products in the world today.
10. Food Products
It might seem a little strange to think that food products and well-known brands of food could be counterfeited, but that is increasingly the case – especially as food prices around the world continue to rise and companies charge a premium for their brands, whether it be coffee, chocolate or fruit. For example, in Canada, the most popular and profitable coffee store chain is named “Tim Hortons,” after a hockey player (of course). However, in South Korea, people are sold “Tim Mortons” coffee, which is a blatant knock off of the popular Canadian caffeine product. Specifically, people can buy “Tim Mortons Mocha Gold Coffee Mix” at street vendors in Seoul. And it is packaged and sold with the exact same branding as the original. Only a Canadian would know the difference. Other popular counterfeit foods include everything from Dole bananas to Lindor chocolate.