Despite coronavirus, Suez Canal records high revenues
Despite the negative repercussions of the outbreak of the coronavirus on global trade, the Suez Canal took in $5.61 billion in 2020, its third-highest total ever.
CAIRO — Despite the negative effects and repercussions of the outbreak of the coronavirus on global trade, the Suez Canal recorded revenues of $5.61 billion in 2020 — the third-largest total in the history of the canal.
The canal recorded its highest revenues in 2019 with $5.8 billion, and its second-highest in 2018 with $5.7 billion. This raised questions as to how the canal achieved these revenues amid the difficult circumstances and whether or not it will be able to increase such revenues in 2021.
