Global Economy News

Infographic: The most prominent Red Sea ports and the volume of annual exchange | Economy

The Red Sea represents a major artery for global trade, and includes a number of ports that differ in terms of their capacity and the nature of the imports they receive.

Recently, the International Monetary Fund said that tension in the Red Sea led to a decline in container transit through it by 30%.

In recent months, the Yemeni Houthi group has targeted Israeli ships, which it later targeted American and British ships supporting the Gaza Strip, which has been subjected to a devastating Israeli aggression since the 7th of last October.

The escalation of tension in the Red Sea caused the largest shift in the path of international trade through international waters in decades, as navigation traffic through the Cape of Good Hope in southern Africa increased by 67% last January on a monthly basis.

As a result of these circumstances, the Red Sea ports recorded a decline in receiving cargo ships, and perhaps the most notable case of decline is the case of the Egyptian Suez Canal, whose revenues declined by about 60% on an annual basis.

The most prominent Red Sea ports and the annual trade volume

Here is a look at the most prominent Red Sea ports overlooked by 8 countries and the annual trade volume:

Port of Djibouti: 7 million tons annual swap volume

Eritrean port of Assab: 1.2 million tons annual swap volume

The Eritrean port of Massawa: 826 thousand tons annual exchange volume

Port Sudan Port: 10 million tons annual exchange volume

Jeddah Islamic Port: 130 million tons annual swap volume

Yanbu Port: 13 million tons annual swap volume

Egyptian Safaga Port: 3.8 million tons annual exchange volume

Eilat Port: 2.1 million tons annual swap volume

Source: Al Jazeera

Mhd Narayan

Bringing over 8 years of expertise in digital marketing, I serve as a news editor dedicated to delivering compelling and informative content. As a seasoned content creator, my goal is to produce engaging news articles that resonate with diverse audiences.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button