Forty percent of all U.S. container traffic travels through the Panama Canal every year, which in all, moves roughly $270 billion cargo annually.
"The U.S. is the main the main source and destination of our traffic," said Ricaurte Vásquez Morales, administrator of the Panama Canal Administrator.
The Panama Canal is popular for East Coast trade because it is faster than other options.
Traveling through the Panama Canal, which is more expensive, takes only 35 days.
The U.S. is the largest country to move energy commodities through the Panama Canal, including natural gas.
Persons:
Ricaurte Vásquez Morales, Vásquez, Luis Acosta
Organizations:
Gulf, Panama Canal, East, Agriculture Transportation Coalition, CNBC, LNG Allies, Panama, Afp, Getty, Panama Canal Authority
Locations:
Panama, East Coast, U.S, Shenzhen, China, Miami , Florida, Suez, New Orleans, Mobile , Alabama, Colon province, Panama City