Suez Canal records $47 billion revenues in 10 years

August 9, 2015 3:35 pm


The Suez Canal recorded revenues of $47 billion during the past ten years with an average $4.7 billion a year, says Abu Bakr Al Jundi, head of the Egyptian Central Agency for Public Mobilisation and Statistics.

Al Jundi adds that the Suez Canal revenues recorded their lowest levels during the fiscal year 2004-2005, at roughly $3.3bn, while the highest levels were recorded during 2009-2010 at close to $5.5bn, Aliqtisadi reported.

The total number of ships accessing the Suez Canal was about 182,300 during the past ten years and 16,700 ships during 2013-2014.

The net tonnage of ships crossing the Suez Canal recorded nearly 8.3bn tonnes during the past decade and approximately 931 million tonnes during 2013-2014.

It is noteworthy that Suez Canal revenues recorded nearly $5.3bn during the fiscal year 2013-2014, an increase of six per cent compared with the previous fiscal year, while the revenues amounted to almost $449.6m during May 2015, an increase of 6.5 per cent compared with the same month last year.

($1 = AED3.67, at the time of publishing)


AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.