Mali Overview: Economy
The vast majority of Malians are employed in farming, herding, or fishing. Cotton and peanuts are the country's only significant cash crops, with millet, rice, corn, sorghum, and vegetables being the major food crops. Agriculture and herding have been increasingly hurt by the encroaching desert. Mali's industries are mainly limited to the processing of farm commodities, construction, and the manufacture of basic consumer goods. Gold, phosphate, kaolin, salt, limestone, and uranium are mined, and the country has extensive unexploited mineral resources, including bauxite, iron ore, manganese, tin, and copper. Remittances from Malians working abroad are also an important source of income. The Manantali Dam on the Bafing River (a Senegal tributary) produces hydroelectric power.
Gold and cotton account for the bulk of Mali's export revenues; livestock and fish are also exported. The main imports are petroleum, machinery and equipment, construction materials, food, and textiles. Mali's chief trading partners are China, France, Senegal, and Thailand.
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.
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