Unlocking Global Trade: A Deep Dive into the Suez Canal
The Suez Canal is an artificial waterway located in Egypt that connects the Mediterranean Sea to the Red Sea. Stretching approximately 193 kilometers (120 miles), this vital shipping lane has played a pivotal role in global trade for centuries.
Key Statistics:
Statistic | Value |
---|---|
Inauguration Date | November 17, 1869 |
Length | 193 kilometers (120 miles) |
Width | Minimum: 205 meters (673 feet) |
Depth | 24 meters (79 feet) |
Annual Traffic Volume | Approximately 19,000 vessels |
Economic Significance:
The Suez Canal is a major revenue generator for Egypt, accounting for approximately 3% of the country's GDP. The canal also plays a crucial role in global supply chains, transporting a significant portion of the world's oil, natural gas, and other commodities.
Commodity | Percentage Transported via Suez Canal |
---|---|
Oil | 12% |
Natural Gas | 10% |
Grain | 7% |
Coal | 5% |
Success Stories:
Effective Strategies, Tips, and Tricks:
Common Mistakes to Avoid:
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