Suez Canal revenue saw a 10% month-on-month increase in July, reaching $495 million compared to approximately $450 million in June, according to data from Egypt's Central Agency for Public Mobilization and Statistics. On a year-on-year basis, revenue surged by 25%, up from $359 million in July 2025.
The canal's data is closely monitored in Egypt as its dollar revenues are a crucial source of foreign currency for the country, directly impacting the Central Bank of Egypt's reserves and the balance of payments. Both the monthly and annual increases in revenue support the growth trajectory observed in canal revenues since the current year's start, based on the same data.
A total of 1,340 ships passed through the canal in July, marking a 27% year-on-year growth. This figure includes 526 oil tankers, up from 432 in the same month last year, alongside 814 ships from other categories, compared to 623 in July 2025.
Additionally, the net tonnage transiting the canal rose by 40% to 62.8 million tons during the same month. This increase in both ship numbers and tonnage, along with revenue growth, reflects a simultaneous improvement in navigation activity and the associated financial returns, per the data issued by the central agency.
For the first seven months of the current year, Suez Canal revenues reached $2.88 billion, a 29% rise from $2.4 billion in the equivalent period of 2025. This cumulative acceleration indicates that the strong performance recorded in July was not an isolated event but part of an ongoing upward trend since the year's outset, according to the available data.
These figures place canal revenues on a path that could surpass last year's level if the current rate persists until the end of 2026, which would have a direct impact on Egypt's foreign currency revenue for the current year.
Five Key Facts
1. Suez Canal revenues reached $495 million in July, marking a 10% monthly and 25% annual increase.
2. Revenues were $450 million in June and $359 million in July 2025.
3. A total of 1,340 ships transited the canal, representing a 27% annual increase, featuring 526 oil tankers compared to 432 last year.
4. Net tonnage transiting the canal rose by 40% to 62.8 million tons.
5. Cumulative revenues for the first seven months of 2026 hit $2.88 billion, a 29% increase compared to $2.4 billion in the same period of 2025.