Current:Home > ContactHow important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings -ProgressCapital
How important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings
View
Date:2025-04-14 03:37:51
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! (68)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Athletics fans prepare for final game at Oakland Coliseum: 'Everyone’s paying the price'
- Tribal Members Journey to Washington Push for Reauthorization of Radiation Exposure Compensation Act
- ANSWERS Pet Food recalled over salmonella, listeria concerns: What pet owners need to know
- Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
- Trevon Diggs vs. Malik Nabers: Cowboys CB and Giants WR feud, explained
- Lana Del Rey obtains marriage license with Louisiana alligator tour guide Jeremy Dufrene
- AP Week in Pictures: Global
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Depleted energy levels affect us all. But here's when they could indicate something serious.
Ranking
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- California governor signs law increasing penalty for soliciting minors to a felony
- Athletics bid emotional farewell to Oakland Coliseum that they called home since 1968
- Pink denies rumors that she wiped social media accounts after Sean 'Diddy' Combs' arrest
- $1 Frostys: Wendy's celebrates end of summer with sweet deal
- Ex-'Apprentice’ candidates dump nearly entire stake in owner of Trump’s Truth Social platform
- In St. Marks, residents await Hurricane Helene's wrath
- Tori Spelling’s Ex Dean McDermott Says She Was “Robbed” After DWTS Elimination
Recommendation
Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
Former NBA MVP Derrick Rose announces retirement
A look inside the indictment accusing New York City’s mayor of taking bribes
Funniest wildlife photos of the year showcased in global competition: See the finalists
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Georgia-Alabama showdown is why Bulldogs quarterback Carson Beck chose college over the NFL
Prosecutors file sealed brief detailing allegations against Trump in election interference case
The Bear's Jeremy Allen White Kisses Costar Molly Gordon While Out in Los Angeles