Statistics released by the Suez Canal Authority showed there were 1,418 vessel transits last month, up some 8% against January 2009.
Although the number of January transits was up on the same month last year, it was down 2.3% compared to December.
Revenue also fell month-on-month, down to $383.6 million compared to $389.7 million in the last month of 2009.
According to Egypt's Al-Ahram newspaper, a report from the Central Bank of Egypt says Suez Canal revenue in the second half of 2009 was $2.3 billion compared with $2.7 billion in the same six months the year before.