- The Suez Canal is situated at the crossroads of the Mediterranean Sea and the Red Sea, connecting the East to the West.
- It offers the shortest and most direct route for maritime trade between Europe and Asia, cutting thousands of miles and saving fuel and time.
Trade Volumes:
- Around 15% of global container traffic and an even higher percentage of crude oil shipments pass through the Suez Canal.
- It carries a significant portion of goods traded between Europe and Asia, including electronics, machinery, consumer products, and energy resources.
Efficiency and Savings:
- By avoiding the longer route around the Cape of Good Hope, ships using the Suez Canal save thousands of miles, time, and fuel costs, making the trade routes far more efficient.
Timely Deliveries:
- The quicker and shorter passage provided by the Suez Canal enables faster deliveries of goods between Asia and Europe, reducing lead times and improving supply chain management.
Global Economy:
- The smooth operation of the Suez Canal is crucial for the seamless flow of international trade, influencing global supply chains, pricing, and the availability of goods in different regions.
Economic Benefits to Egypt:
- The Suez Canal brings substantial revenue to Egypt through transit fees paid by vessels using the waterway.
- It also generates jobs and contributes to the development of the Suez Canal region and the Egyptian economy.
