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Why is the Panama and Suez Canal important? The Panama Canal’s importance is threefold: For Panamanians, the Panama Canal is not only a major source of revenue for the Public Treasury —contributing a billion dollars a year— but also a symbol of national sovereignty after Panama’s long and hard-fought struggle to reclaim its national territory —the Canal included— from the United States of America. Three locks lifting the ship up and three locks dropping the ship back to sea level. Canal Expansion. Interesting Facts About the Panama Canal. Over 22,000 workers died during the French effort to build the Canal, many of them from malaria and yellow fever. Why is Panama and the Suez canals important for shipping routes? The Panama Canal: Riots, Treaties, Elections, and a little Military ... Panama Canal Why is the Panama Canal important to world trade? Panama Canal | History, Builder & Importance - Video & Lesson ... This is gained from the taxes that the countries charge for passage of vessels through the canal. panama canal