Current:Home > ContactHow important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings -MoneyTrend
How important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings
View
Date:2025-04-25 18:31:21
Although Tampa Bay was spared a direct hit by Hurricane Milton's eye, the area still sustained significant damage and will likely take time to recover.
For the Port of Tampa Bay, that could mean a prolonged period of closure, depending on the exact state of the port.
The Port of Tampa Bay was not immediately able to provide an assessment of damage to USA TODAY.
Still, as the 24th largest port in the country, and one of the largest importers and exporters of certain industrial products, a closure could hit some industries especially hard.
“A prolonged closure would certainly be challenging to the local economy, especially for Floridians who are short on gasoline right now," Jason Miller, a professor of supply chain management at Eli Broad College of Business at Michigan State University, told USA TODAY. "Even if there is no damage (to the port's facilities), there probably will be some challenges getting that gasoline to inland stations” because there is widespread damage and debris on the roads.
Here's what to know about the Port of Tampa.
How big is the Port of Tampa Bay?
The Port of Tampa is the 24th largest port in the U.S. According to the port operator, it serves an area with a population of 8 million and more than 20 million visitors annually. Overall, Florida ports are responsible for handling many exports to Latin America and imports from Asia.
What are the Port of Tampa Bay's main exports?
The Port of Tampa Bay is a major exporter of fertilizer and related products, as well as certain food products. According to Census Bureau trade data, about 99% of fertilizer produced in the U.S for export moves through the Port of Tampa. If those facilities are damaged, Miller said, it could be especially difficult for the fertilizer industry.
“You can usually assume if a port is accounting for 90% of a total of something, it’s not going to be the easiest to reroute, especially on the export side," he said.
What are the Port of Tampa Bay's main imports?
Industrial products also account for a majority of the port's imports, with 96% of imported sulfur in the U.S. moving through Tampa.
Food products, including orange juice, is also a major import through Tampa Bay.
How important is the Port of Tampa Bay to the US economy?
According to Miller and the Federal Reserve Production Index, fertilizer production represents 0.42% of the manufacturing economy in the U.S., so while a prolonged closure would likely not have a huge impact nationally it would still affect the local economy significantly, as well as the agricultural sector. The port also hosts five cruise lines that run itineraries ranging from four to 14 days.
“In terms of importance for the overall economy, not that, that, that large, but that doesn’t mean it doesn’t have an impact on farmers who need fertilizer," Miller said. "The big thing is we’re just waiting to see for this specific case what the damage assessment is with the port. Hopefully, that is minimal, and operations can resume as fast as possible."
Zach Wichter is a travel reporter for USA TODAY based in New York. You can reach him at [email protected].
veryGood! (671)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Nearly 1 in 5 adults have experienced depression — but rates vary by state, CDC report finds
- S Club 7 Singer Paul Cattermole’s Cause of Death Revealed
- California Moves to Avoid Europe’s Perils in Encouraging Green Power
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- U.S. Intelligence: foreign rivals didn't cause Havana Syndrome
- S Club 7 Singer Paul Cattermole’s Cause of Death Revealed
- Blac Chyna Debuts Edgy Half-Shaved Head Amid Personal Transformation Journey
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Dakota Pipeline Is Ready for Oil, Without Spill Response Plan for Standing Rock
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Chinese Solar Boom a Boon for American Polysilicon Producers
- People who think they're attractive are less likely to wear masks, a study shows
- Daniel Ellsberg, Pentagon Papers leaker, dies at age 92 of pancreatic cancer, family says
- Why members of two of EPA's influential science advisory committees were let go
- Alaska Oil and Gas Spills Prompt Call for Inspection of All Cook Inlet Pipelines
- Ethical concerns temper optimism about gene-editing for human diseases
- InsideClimate News Wins SABEW Awards for Business Journalism for Agriculture, Military Series
Recommendation
A South Texas lawmaker’s 15
George W. Bush's anti-HIV program is hailed as 'amazing' — and still crucial at 20
The first wiring map of an insect's brain hints at incredible complexity
Why Halle Bailey Says Romance With Rapper DDG Has Been Transformative
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
What SNAP recipients can expect as benefits shrink in March
Ja Morant suspended for 25 games without pay, NBA announces
Activist Judy Heumann led a reimagining of what it means to be disabled