Current:Home > MyHow important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings -BeyondProfit Compass
How important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings
View
Date:2025-04-14 16:51:23
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! (22648)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Michelin-Starred Chef Curtis Stone Shares an Unexpected $4 Ingredient He Loves Cooking With
- How Sofia Carson Is Preparing for 2023 Oscars Performance After Song’s Surreal Nomination
- UBS to purchase Credit Suisse amid fallout from U.S. bank collapses
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Get $128 J.Crew Jeans for $28, $278 Boots for $45, and More Jaw-Dropping Deals
- Chrishell Stause Reveals the Beauty Hack That Keeps Her Looking Young
- Kate Spade 24-Hour Flash Deal: Get This $330 Crossbody Bag for Just $79
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- China's Xi leaves Russia after giving Putin a major boost, but no public promise of weapons
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- See How Tom Sandoval Reacted to Tom Schwartz's Previous Joke About Cast Throuple
- Pentagon releases dramatic video said to show Russian jet collision with U.S. drone over Black Sea near Ukraine
- Composer Nicholas Lloyd Webber, son of Andrew Lloyd Webber, dies at 43
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Pete Davidson and Chase Sui Wonders Involved in Car Accident in Beverly Hills
- Kandi Burruss Explains How the Drama on SWV & Xscape Differs From Real Housewives
- Every Bombshell From Alex Murdaugh's Murder Trial Testimony
Recommendation
Intellectuals vs. The Internet
American billionaire Rocco Commisso's journey to owning an Italian soccer team
Brandon Routh Shares His Biggest Piece of Advice for the Next Superman
Succession's New Trailer Promises a Knife Fight for Its 4th and Final Season
All That You Wanted to Know About She’s All That
Why Sam Claflin Was Happy With His “Boring” Costumes on Daisy Jones and the Six
King Charles III visit to France delayed by protests as anger mounts over Macron's pension reforms
If You're Obsessed With the Stanley Tumbler, You'll Love This $30 Insulated Bottle From Amazon