Cigarette Smuggling

Summary

The Framework Convention on Tobacco Control estimates 600 billion cigarettes, or 11 percent of all cigarettes sold globally in 2006 were smuggled cigarettes.  The loss in tax revenue worldwide was $50 billion.

Market Value:
$50 Billion

Source: Jennifer M. Freedman, "Governments Trying to Battle Illegal Tobacco Trade," Bloomberg News, February 11, 2008, http://tinyurl.com/3y85es (accessed: February 12, 2008).