Current:Home > MarketsHow important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings -Wealth Impact Academy
How important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings
View
Date:2025-04-19 14:36:05
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! (22)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Run To American Eagle & Aerie for Styles up to 90% Off, Plus Deals on Bodysuits, Tops & More as Low as $3
- Top workplaces: Your chance to be deemed one of the top workplaces in the US
- Taylor Swift makes two new endorsements on Instagram. Who is she supporting now?
- Small twin
- Kylie Jenner, Chris Pratt and More Stars Celebrate Birth of Hailey and Justin Bieber's Baby Jack
- You Won’t Believe These Designer Michael Kors Bags Are on Sale Starting at $29 and Under $100
- Striking out 12, Taiwan defeats Venezuela 4-1 in the Little League World Series semifinal
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Justin and Hailey Bieber welcome a baby boy, Jack Blues
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- New York City man charged with stealing sword, bullhorn from Coach Rick Pitino’s St. John’s office
- Federal appeals court upholds Maryland’s handgun licensing requirements
- Dylan Crews being called up to MLB by Washington Nationals, per reports
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Inside the Shocking Sicily Yacht Tragedy: 7 People Dead After Rare Luxury Boat Disaster
- Virginia man arrested on suspicion of 'concealment of dead body' weeks after wife vanishes
- Anesthesiologist with ‘chloroform fetish’ admits to drugging, sexually abusing family’s nanny
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Who did Nick Saban pick to make the College Football Playoff on 'College GameDay'?
Who did Nick Saban pick to make the College Football Playoff on 'College GameDay'?
Virginia man arrested on suspicion of 'concealment of dead body' weeks after wife vanishes
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Suspect charged with murder and animal cruelty in fatal carjacking of 80-year-old dog walker
Justin and Hailey Bieber welcome a baby boy, Jack Blues
Christine Quinn Seemingly Shades Ex Christian Dumontet With Scathing Message Amid Divorce