Cairo: The revenues of Egypt’s Suez Canal in 2021 reached $6.3 billion, the highest in the waterway’s history, a top official said here. The revenues of the Suez Canal during 2021 achieved a significant increase of 12.8 per cent, said Rabie, noting that the revenues of the canal recorded $5.6 billion in 2020. A total of 20,694 ships passed through both directions of the canal, compared to the transit of 18,830 ships in 2020, an increase of 10 per cent. In November 2021, the SCA announced it will increase the toll fees for the ships transiting through the canal by 6 per cent as of February 2022. Some 12 per cent of the world trade volume passes through the man-made canal, which is a major source of hard currency in Egypt.
