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5% at best but I definitely agree... It's possible for recruiters to be good and step one is being local as well as being experienced and familiar with the local companies and job market.
I've always compared the worst ones to having the ethics of the worst caricature of people in used car sales - a typical pattern was putting the youngest (and often quite attractive) women they could find as their front-facing people to talk to the talent, with the older men there to close the deal/maintain the relationships/do the very hard sell to the talent, etc...neither the backroom managers nor the front-facing people seemed to know or care all that much about the actual work or about your situation, etc...it was about getting to a close.
The very best operated quite differently from this. When I run across people doing it right, I am sure to take down their information and be sure I kept it somewhere for a rainy day. As for the others, they tend to come and go, I've noticed (sometimes just a rename/acquisition, though) but I also take down their information, but more as a blacklist/contact only if absolutely needed type of situation...
I cannot imagine trying to take an offshore group even the least bit seriously, unless my situation was very dire indeed.