Current:Home > reviewsHow important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings -QuantumFunds
How important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings
View
Date:2025-04-19 03:11:08
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! (94)
Related
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Five tips for understanding political polls this election season
- Wizards of Waverly Place's Selena Gomez and David Henrie Are Teaming Up For a Sequel
- Did Jacob Elordi and Olivia Jade Break Up? Here's the Truth
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- 15 students and 1 teacher drown when a boat capsizes in a lake in western India
- Oh, bother! Celebrate National Winnie the Pooh Day by streaming these movies and shows
- Alicia Keys Drops an Activewear Collection To Reset Your 2024 State of Mind
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Mariska Hargitay, 'Law & Order: SVU' stars celebrate 25th anniversary milestone in NYC
Ranking
- Travis Hunter, the 2
- Grading Pascal Siakam trade to Pacers. How Raptors, Pelicans also made out
- New Mexico Motor Vehicle Division wants to issue electronic driver’s licenses and ID cards
- National Popcorn Day 2024: The movie theaters offering free, discounted popcorn deals
- Skins Game to make return to Thanksgiving week with a modern look
- New Mexico Motor Vehicle Division wants to issue electronic driver’s licenses and ID cards
- NJ governor renews vows to close detention center where 50 men say they were sexually abused as boys
- Rising temperatures from climate change could threaten rhinos in Africa, researchers say.
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
A man is acquitted in a 2021 fatal shooting outside a basketball game at a Virginia high school
Did Jacob Elordi and Olivia Jade Break Up? Here's the Truth
Google CEO warns of more layoffs in 2024 amid artificial intelligence push
At site of suspected mass killings, Syrians recall horrors, hope for answers
Reviewers Say These 21 Genius Products Actually Helped Them Solve Gross Problems
Kate Beckinsale Slams BAFTA's Horribly Cold Snub of Late Stepfather
5 people injured in series of 'unprovoked' stabbings in NYC; man arrested, reports say