On the other hand, imports stood at almost $700 billion, almost 16% higher than in 2017, according to the market research company World Footwear. Therefore, even though imports are faster to grow than exports, the footwear market remains one of the few industries still generating added value and surplus.
Whereas Romania is known as a toll manufacturing country in the textile industry and competes with Asian countries over price, in the footwear industry it is seen as a luxury manufacturer, especially of leather shoes. The average export price is almost $24, among the highest. The local market is known as one of the most important footwear manufacturers along with Asian countries like China and Vietnam, which are also known for being cheaper. Romania imports more than 40% of the footwear it uses, at a price of less than $3.
(English version by Loredana Fratila-Cristescu)