Panama Canal 8.5% more revenue in 2018

April 01, 2019

Panama Canal revenues totaled 2,513.2 million dollars in 2018, 8.5% more than the 2,316.3 million of the previous year, according to figures from the Institute National Statistics and Census (Inec) released on Wednesday.

The revenue increase of 2018 is less than the 17.6% of the previous year, a performance deemed extraordinary by the Panama Canal Authority (ACP), which was the product of the full operation of the extension of the road, which entered service to mid 2016

Regarding the results of 2018, the preliminary figures of the statistical entity specify that last December was the month with the highest revenues for the interoceanic route, with 220.8 million dollars, 2.8% more than in the same period of 2017. 

More News

Panama's Strategic Position in Global Trade

February 12, 2025 - Panama continues to solidify its role as a pivotal hub in international trade, leveraging its strategic location and the Panama Canal's critical function in global shipping routes. The canal facilitates approximately 5% of the world's maritime trade, underscoring Panama's significance in global commerce. Read More

Panamá se convierte en Estado Asociado del Mercosu

December 16, 2024 - El 6 de diciembre de 2024, Panamá formalizó su ingreso como Estado Asociado al Mercosur durante la 65ª Cumbre de Jefes de Estado del bloque en Montevideo, Uruguay. El presidente José Raúl Mulino y el canciller Javier Martínez Acha firmaron los acuerdos correspondientes, convirtiendo a Panamá en el primer país fuera de Sudamérica en obtener esta condición. El Mercosur, integrado por Argentina, Brasil, Paraguay, Uruguay y Bolivia, representa la quinta economía más grande del mundo, con un mercado de 271 millones de habitantes y un PIB conjunto de 4.5 billones de dólares. Como Estado Asociado, Panamá busca fortalecer las relaciones comerciales y económicas, ofreciendo su plataforma logística y financiera, incluyendo el Canal de Panamá, como puente para el comercio entre el Mercosur y otros mercados. Read More