Current decline of the Panama Canal

According to recent reports, losses in Panamanian trade have been estimated at approximately US$200 million per day, this due to the protests that have led to the blockage of important routes for the transit of import and export cargo.

Since its inauguration on August 15, 1914, the Panama Canal has contributed to maritime communication and commercial exchange, connecting the Caribbean Sea with the Pacific Ocean, and has been an influential factor in the decisions and flow of global trade.

Panama’s current situation, which has been generated by the signing of a mining exploitation contract, is compounded by the water crisis that the canal has been suffering, generating an even greater impact on international trade.

By the year 2021, the Panama Canal recorded the transit of more than 500 million tons, numbers that are being strongly impacted by the closing of 2023.

Prev post
Next post
English
×