Do you know about these Important Trade Waterways across the Globe? #shorts
did you know that nearly 90% of all
global trade flows through the sea today
we’ll take a look at four crucial
waterways that are financial and
geopolitical implications for the entire
Globe number one is the Panama Canal
located at the narrowest point in the
Americas it connects the Atlantic and
Pacific Oceans it accounts for about $1
trillion or 5% of global trade number
two the SE Canal this canal connects the
Mediterranean Sea with the Red Sea and
is probably the most famous of the
waterways it accounts for $ 1.7 to2
trillion or 10 to 12% of global trade
number three is a straight of herose it
sits between a ran and Oman and links
the Persian Gulf to the Arabian Sea it
handles 1.2 trillion to $1.5 trillion of
shipping or roughly 20 to 25% number
four is the straight of malaka it’s
located between Indonesia and the Malay
Peninsula the malaka straight connects
the Indian and Pacific Oceans this trade
accounts for3 to $45 trillion in trade
annually which is 25 to 30% of global
trade
The Panama Canal, a marvel of engineering, connects the Atlantic and Pacific Oceans, facilitating global maritime trade and shortening travel distances for ships. The Suez Canal, vital for international trade, links the Mediterranean Sea to the Red Sea, providing a crucial shortcut between Europe and Asia. The Strait of Hormuz, situated between the Persian Gulf and the Gulf of Oman, is a strategic waterway through which a significant portion of the world’s oil supply is transported, making it geopolitically significant. The Strait of Malacca, located between the Malay Peninsula and the Indonesian island of Sumatra, is one of the world’s most important shipping lanes, connecting the Indian Ocean to the Pacific Ocean and facilitating trade between Europe, the Middle East, and East Asia.
#trade #economy #economics #facts #history #worldhistory #historyshorts #historyreels #reels #shorts
1 Comment
Wow! ❤