Current:Home > InvestHow important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings -Wealth Evolution Experts
How important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings
SignalHub View
Date:2025-04-06 22:23:22
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! (7)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Popular family YouTuber Ms. Rachel is coming out with a toy line very soon
- Why Taylor Swift Is “Blown Away” by Pals Zoë Kravitz and Sabrina Carpenter
- Hailey Bieber and Justin Bieber Reveal Name of First Baby
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Boy, 8, found dead in pond near his family's North Carolina home: 'We brought closure'
- Babe Ruth’s ‘called shot’ jersey could get as much as $30 million at auction
- Georgia lawmakers say the top solution to jail problems is for officials to work together
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Union rep says West Virginia governor late on paying worker health insurance bills, despite denials
Ranking
- Federal hiring is about to get the Trump treatment
- Portrait of a protester: Outside the Democratic convention, a young man talks of passion and plans
- Alabama man pleads guilty to detonating makeshift bomb outside state attorney general’s office
- Judge rules Breonna Taylor’s boyfriend caused her death, dismisses some charges against ex-officers
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- 5-year-old Utah boy accidentally kills himself with a handgun he found in his parents’ bedroom
- Portrait of a protester: Outside the Democratic convention, a young man talks of passion and plans
- South Carolina sets date for first execution in more than 13 years
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Both sides argue for resolution of verdict dispute in New Hampshire youth center abuse case
Dump truck leaves hole in covered bridge when it crashes into river in Maine
What Each Zodiac Sign Needs for Virgo Season, According to Your Horoscope
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Suspect charged with murder and animal cruelty in fatal carjacking of 80-year-old dog walker
Judge reduces charges against former cops in Louisville raid that killed Breonna Taylor
Indianapolis police fatally shoot man inside motel room during struggle while serving warrant