Madagascar Economy and Business are intertwined together. The economy of Madagascar is very much influenced by the Business of Madagascar. Madagascar economy is mainly dependent on the mining industry. The agricultural products have great contribution to the economy. Coffee, cloves, sugarcane, cocoa and vanilla are the cash crops.
The principal food crops are beans, rice, bananas, cassava and peanuts. People raise goats, sheep, cattle, hogs etc. Fishing holds a major position. Forestry is equally important. Recently manufacturing are covering a large area of economy. It includes agricultural products, beverages and textiles. Oil and natural gases are gaining importance gradually.
Madagascar Economy and Business are centered around mineral resources. The market is ruled by diamonds. They do a good business in other countries. Other than diamond, the main mineral resources are coal, bauxite, graphite, salt, industrial beryl, zircon, garnets and chromite. Vanilla, coffee, sugar, textile also have a good export market.
Madagascar is quite good at business with its neighboring countries. The foreign trade is small but effective. Madagascar does business with France, Italy, Japan, United States. International agencies as well as European Union provide assistance to Madagascar.
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