Current:Home > InvestHow important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings -PureWealth Academy
How important is the Port of Tampa Bay? What to know as Hurricane Milton recovery beings
Poinbank Exchange View
Date:2025-04-10 12:31:27
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! (36268)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Sam Hunt performs new song 'Locked Up' at 2024 CMT Music Awards
- Purdue student, 22, is dying. Inside a hospital room, he got Final Four for the ages
- After magical, record-breaking run, Caitlin Clark bids goodbye to Iowa on social media
- Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
- 'A cosmic masterpiece': Why spectacular sights of solar eclipses never fail to dazzle
- When was the last total solar eclipse in the U.S.? Revisiting 2017 in maps and photos
- Lauren Graham Reveals Matthew Perry's Final Birthday Gift to Her
- JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
- British man claims the crown of the world's oldest man at age 111
Ranking
- Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
- South Carolina, Iowa, UConn top final AP Top 25 women’s basketball poll to cap extraordinary season
- Hannah Montana's Emily Osment Shares Heavenly Secret About Working With Dolly Parton
- Biden to announce new student loan forgiveness proposals
- American news website Axios laying off dozens of employees
- California doctor travels to Gaza to treat children injured in Israel-Hamas war
- After magical, record-breaking run, Caitlin Clark bids goodbye to Iowa on social media
- When does Purdue and UConn play in March Madness? Breaking down the NCAA Tournament title game
Recommendation
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
Many singles prefer networking sites like LinkedIn over dating apps like Tinder: Survey
MLB power rankings: Red Sox come home with best pitching staff in baseball
UConn takes precautions to prevent a repeat of the vandalism that followed the 2023 title game
Olympic disqualification of gold medal hopeful exposes 'dark side' of women's wrestling
Weather is the hot topic as eclipse spectators stake out their spots in US, Mexico and Canada
'NCIS: Origins' to Tiva reunited: Here's what's up as the NCISverse hits 1,000 episodes
Biden to announce new student loan forgiveness proposals