Traffic through the Panama Canal is a barometer of world trade, rising in times of world economic prosperity and declining in times of recession. From a low of 807 transits in 1916, traffic rose to a high point of 15,523 transits of all types in 1970. The cargo carried through the canal that year amounted to more than 134.6 million metric tons (132.5 million long tons). Although the number of annual transits has decreased since then, the canal carries more freight than ever because the average size of vessels has increased.
The principal trade routes served by the Panama Canal run between the following points: the east coast of the U.S. mainland and Hawaii and East Asia; the U.S. east coast and the west coast of South America; Europe and the west coast of North America; Europe and the west coast of South America; the east coast of North America and Oceania; the U.S. east and west coasts; and Europe and Australia.
Trade between the east coast of the United States and East Asia dominates international canal traffic. Among the principal commodity groups carried through the canal are motor vehicles, petroleum products, grains, and coal and coke.
Container-ship-in-the-Pedro-Miguel-Locks-Panama-CanalContainer ship in the Pedro Miguel Locks, Panama Canal.[Credits : © Spectrum Colour Library/Heritage-Images]
The-Panama-CanalThe Panama Canal.[Credits : Encyclopædia Britannica, Inc.]
Aerial-view-of-the-Pedro-Miguel-Locks-of-the-PanamaAerial view of the Pedro Miguel Locks of the Panama Canal. In the forefront a container ship exits …[Credits : Panama Canal Authority]
Passenger-cruise-ship-in-the-Panama-CanalPassenger cruise ship in the Panama Canal.[Credits : Joe Viesti/Viesti Associates, Inc.]
Map-of-central-Panama-from-the-10th-edition-of-EncyclopaediaMap of central Panama (c. 1900), from the 10th edition of Encyclopædia …[Credits : Encyclopædia Britannica, Inc.]
Dredges-working-on-the-Culebra-Cut-during-construction-of-theDredges working on the Culebra Cut (later known as the Gaillard Cut) during construction of the …[Credits : Panama Canal Authority]
The-Pedro-Miguel-Locks-raise-or-lower-ships-on-theThe Pedro Miguel Locks raise or lower ships on the Pacific side of the Panama Canal.[Credits : © Robert Frerck from TSW—CLICK/Chicago]
Since its opening in 1914, the Panama Canal has linked the Atlantic and Pacific oceans.[Credits : Encyclopædia Britannica, Inc.]
Over the years, a number of treaties were needed for the building and subsequent use of the Panama …[Credits : Acquired from Vast Video]
The lock system of the Panama Canal was truly a technological marvel for its time, and remains so …[Credits : Acquired from Vast Video]
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