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A grey market or dark market (sometimes confused with the similar term "parallel market") [1] [2] is the trade of a commodity through distribution channels that are not authorised by the original manufacturer or trademark proprietor. Grey market products (grey goods) are products traded outside the authorised manufacturer's channel.
An extreme example of shadow economy camouflaged by the financial market is Luxembourg where the relative annual shadow economy is only 8% of the GDP which is the second lowest percentage (2013) of all EU countries whereas its absolute size (€6.800 per capita) is the highest. Map of the national shadow economies per capita in EU countries.
The Gray Blog is a blog dedicated to parallel market legal issues. Australian Library and Information Association - Statement on Parallel Importing Statement on parallel import and export, or parallel trade Archived 13 April 2018 at the Wayback Machine
But the rise of technology has led to an evolved "black market" -- and rather than exotic animals and tangible exports, data like credit card information and even streaming accounts are up for grabs.
The gray market exists where the price for goods outside the US is lower than the price inside. On the surface, §602(a), barring unauthorized importation, would seem to clash with the first-sale doctrine, which permits the resale of lawfully made copies.
At issue are "gray market" goods -- items originally sold abroad, brought into the U.S. and resold here. ... As a result, the librarians are asking that if Costco loses, the Court protect ...
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[22] [23] The NHTSA and EPA would review the paperwork and then approve possession of the vehicle. [19] It was also possible for these agencies to reject the application and order the automobile destroyed or re-exported. [4] The grey market provided an alternative method for Americans to acquire desirable vehicles, and still obtain certification.