Feds Seize More Than $1.2 Billion Worth of Counterfeit Items
The total dollar value of seizures also decreased about $500 million in fiscal year 2014. China remains the top provider, based on price, with 63 percent of the $1.2 billion. Hong Kong follows with 25 percent while all other countries had 1 percent or less.
Apparel was the No. 1 commodity based on number of seizures, but watches/jewelry was No. 1 based on value of the seizures (about $375.4 million). Handbags/wallets ($342.0 million), electronics ($162.2 million), apparel ($113.7 million) and pharmaceuticals/personal care ($72.9 million) rounded out the top five for estimated cost of the seizures while electronics (6,610), pharmaceuticals/personal care (2,417), handbags/wallets (2,221) and footwear (1,961) rounded out the top five for number of seizures.