Though with the course of time Malta is working hard in order to turn the economy upward but it is true that the economy and business in Malta is highly dependent on foreign trade. Besides, the country is also strong in manufacturing textiles and electronics goods. Tourism business has also contributed a lot to the economic benefits of the country.
Currently there are several privatized state-controlled firms as well as liberalizing markets that are running their operations successfully to prepare for membership in the European Union. The major industries that contribute to Malta business and economy include the following:
- Ship building and repair
- Food and beverages
- Shoes
- Dress
- Tobacco
- Construction business
Besides the above mentioned industries, Malta also extracts good amount of profit from the following agricultural products
- Potatoes
- Cut flowers
- Green peppers
- Pork
- Milk
- Poultry
- Eggs
- Wheat
- cauliflower
- Grapes
- Barley
- Tomatoes
- Citrus