Sales of counterfeit Italian goods are taking a 1%–2% bite out of Italy's GDP, according to a recent OECD report. These counterfeit and pirated goods (including luxury handbags, watches, car parts, and more) are estimated to total over €35 billion in 2013 — nearly 5% of global Italian manufacturing sales. The report, "Trade in Counterfeit Goods and the Italian Economy," found that Italian companies lost more than €25 billion in sales.
Imports of fake products into Italy are also an issue — with more than €10 billion worth of products in 2013 mostly imported from China and Hong Kong. High-tech electronic, electrical and optical products were the sectors most affected, with clothing, footwear, and leather products following.