IBOV 170,507 ▼ 0.44% IPSA 10,675 ▼ 0.88% IPC MEX 66,278 ▼ 0.85% MERVAL 3,110,490 ▼ 4.25% COLCAP 2,270.97 ▼ 3.24% BVL PERÚ 54,833.60 ▼ 1.48% USD/BRL5.20▲ 0.05% USD/MXN17.63▲ 0.08% USD/CLP919.04▼ 0.01% USD/COP3,426▼ 0.08% USD/PEN3.42▼ 0.06% USD/ARS1,479▼ 0.02% USD/UYU40.11▲ 1.59% USD/PYG6,080▲ 1.43% USD/BOB6.85▲ 1.29% USD/DOP58.74▲ 1.38% USD/CRC452.10▲ 2.38% USD/GTQ7.62▲ 2.07% USD/HNL26.69▲ 1.22% USD/NIO36.62▲ 0.54% USD/VES619.98▲ 5.68% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.69▲ 0.35% USD/TTD6.75▲ 1.18% EUR/BRL5.90▼ 0.12% BRENT 73.01 ▼ 0.99% WTI 69.49 ▼ 1.21% IRON ORE 161.91 — — COPPER 6.10 ▲ 2.56% GOLD 4,002 ▲ 0.30% SILVER 57.50 ▼ 0.95% SOY 1,139 ▲ 2.68% CORN 435.25 ▲ 6.94% WHEAT 595.75 ▲ 1.71% COFFEE 280.95 ▼ 3.64% SUGAR 14.02 ▲ 4.47% ORANGE JUICE 146.40 ▼ 1.81% COTTON 76.97 ▲ 6.77% COCOA 5,229 ▲ 6.67% BEEF 246.65 ▼ 3.33% CATTLE 373.23 ▲ 1.38% LITHIUM 78.91 ▲ 0.61% PETR4 38.29 ▼ 2.64% VALE3 77.73 ▼ 2.08% ITUB4 40.97 ▼ 0.19% BBDC4 17.65 ▼ 1.07% ABEV3 16.38 ▲ 0.06% BBAS3 19.73 ▼ 0.65% B3SA3 15.03 ▲ 2.11% WEGE3 46.61 ▲ 1.97% PRIO3 54.10 ▼ 3.57% SUZB3 42.20 ▲ 0.60% RENT3 41.76 ▼ 0.05% AZZA3 19.31 ▼ 3.93% CSAN3 3.70 ▼ 1.33% RAIZ4 0.42 — 0.00% PCAR3 2.11 ▲ 1.44% GMAT3 3.82 ▼ 0.52% PSSA3 52.38 ▲ 0.36% CVCB3 1.42 ▲ 7.58% POSI3 3.94 ▲ 2.07% SLCE3 13.37 ▼ 0.67% NATU3 7.81 ▲ 1.17% BRKM5 7.62 ▲ 0.26% RANI3 7.79 ▲ 2.10% CSNA3 5.06 ▼ 3.98% CMIN3 4.27 ▼ 0.23% USIM5 8.68 ▲ 0.23% GGBR4 21.38 ▼ 1.47% ENEV3 25.94 ▲ 2.94% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 0.57% CMIG4 10.72 ▼ 0.46% EQTL3 38.00 ▼ 0.52% LREN3 14.50 ▲ 1.32% VIVT3 34.25 ▼ 0.09% RAIL3 12.98 ▲ 0.62% KLABIN 16.85 ▲ 0.24% RAIA DROGASIL 17.08 ▲ 0.47% RDOR3 34.10 ▼ 0.70% HAPV3 10.17 ▼ 1.07% FLRY3 15.16 ▲ 0.60% SMTO3 14.72 ▼ 0.34% UGPA3 25.32 ▼ 0.67% VBBR3 29.11 ▼ 0.95% BBSE3 38.68 ▲ 1.07% BPAC11 53.66 ▲ 1.63% CURY3 34.96 ▲ 1.84% AERI3 2.06 ▼ 3.29% VIVARA 22.65 ▲ 3.52% COMPASS 24.90 ▼ 0.80% VAMOS 2.77 ▼ 1.42% SANB11 26.38 ▼ 1.38% ASAI3 8.27 ▲ 4.16% SBSP3 28.47 ▲ 1.10% WALMEX 51.48 ▲ 1.30% GMEXICO 196.64 ▼ 4.50% FEMSA 216.27 ▼ 3.00% CEMEX 21.12 ▼ 1.03% GFNORTE 182.16 ▼ 1.41% BIMBO 55.21 ▼ 1.22% TELEVISA 9.69 ▲ 2.22% AMX 23.00 ▲ 1.28% GAP 432.95 ▲ 0.98% ASUR 302.31 ▲ 2.13% OMA 236.88 ▲ 0.31% KOF 184.34 ▼ 1.66% GRUMA 280.84 ▲ 0.37% KIMBER 37.23 ▲ 0.27% SQM-B 69,500 ▼ 0.93% COPEC 5,830 ▼ 2.30% BSANTANDER 72.01 ▼ 1.36% FALABELLA 5,560 ▼ 2.22% ENELAM 81.76 ▼ 1.26% CENCOSUD 2,111 ▼ 2.22% CMPC 1,036 ▼ 0.71% BANCO CHILE 175.02 ▼ 1.73% LATAM AIR 26.11 ▲ 3.00% YPF 70,800 ▼ 5.22% GGAL 7,625 ▼ 4.21% PAMPA 4,970 ▼ 2.93% TXAR 665.50 ▼ 2.28% ALUAR 1,027 ▼ 0.58% TGS 9,130 ▼ 3.49% CEPU 2,206 ▼ 5.93% MIRGOR 16,075 ▼ 2.13% COME 42.02 ▼ 5.02% LOMA NEGRA 3,573 ▼ 5.74% BYMA 309.00 ▼ 2.98% TELECOM ARG 3,953 ▼ 1.80% ECOPETROL 14.59 ▼ 5.93% BANCOLOMBIA 79.28 ▼ 2.09% GRUPO AVAL 5.18 ▼ 2.63% CREDICORP 376.49 ▲ 2.09% SOUTHERN COPPER 171.84 ▼ 3.77% BUENAVENTURA 29.75 ▼ 4.03% MERCADOLIBRE 1,660 ▲ 4.79% NUBANK 12.46 ▼ 1.03% XP 15.56 ▼ 1.02% PAGSEGURO 8.77 ▲ 0.11% STONE 10.82 ▲ 0.93% GLOBANT 29.12 ▼ 0.55% TECNOGLASS 45.31 ▼ 0.15% GAP AIRPORT 245.58 ▲ 0.61% ASUR 302.31 ▲ 2.13% OMA AIRPORT 107.65 ▼ 0.01% AMX ADR 25.99 ▲ 0.54% FEMSA ADR 123.08 ▼ 3.17% CEMEX ADR 12.02 ▼ 1.15% PETROBRAS ADR 16.45 ▼ 3.41% VALE ADR 14.84 ▼ 3.07% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.14 ▼ 2.28% AMBEV ADR 3.13 ▼ 0.95% CSN 0.98 ▼ 5.67% GERDAU 4.09 ▼ 1.92% LATAM ADR 57.05 ▲ 2.35% BTC 61,305 ▲ 0.51% ETH 1,635 ▲ 0.91% SOL 68.20 ▲ 0.32% XRP 1.07 ▲ 0.08% BNB 564.72 ▲ 0.17% ADA 0.15 ▲ 0.40% DOGE 0.08 ▲ 0.24% AVAX 6.42 ▼ 0.38% LINK 7.45 ▲ 0.43% DOT 0.88 ▼ 0.73% LTC 41.55 ▲ 1.28% BCH 193.49 ▲ 1.80% TRX 0.33 ▲ 0.45% XLM 0.18 ▼ 0.65% HBAR 0.07 ▼ 2.52% NEAR 1.93 ▼ 1.47% ATOM 1.63 ▼ 0.95% AAVE 81.22 ▲ 2.01% SELIC 14.25% EMBRAER 79.98 ▲ 1.86% EMBRAER ADR 61.67 ▲ 0.97% JBS 12.19 ▼ 0.33% JBS BDR 63.49 ▲ 1.10% MBRF3 16.14 ▼ 3.93% MBRFY 3.05 ▼ 2.97% INTER 5.29 ▼ 0.84% IBOV 170,507 ▼ 0.44% IPSA 10,675 ▼ 0.88% IPC MEX 66,278 ▼ 0.85% MERVAL 3,110,490 ▼ 4.25% COLCAP 2,270.97 ▼ 3.24% BVL PERÚ 54,833.60 ▼ 1.48% USD/BRL 5.20 ▲ 0.05% USD/MXN 17.63 ▲ 0.08% USD/CLP 919.04 ▼ 0.01% USD/COP 3,426 ▼ 0.08% USD/PEN 3.42 ▼ 0.06% USD/ARS 1,479 ▼ 0.02% USD/UYU 40.11 ▲ 1.12% USD/PYG 6,080 ▲ 1.43% USD/BOB 6.85 ▲ 1.29% USD/DOP 58.74 ▲ 1.38% USD/CRC 452.10 ▲ 2.23% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.69 ▲ 1.22% USD/NIO 36.62 ▲ 0.54% USD/VES 619.98 ▲ 5.68% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.69 ▲ 0.35% USD/TTD 6.75 ▲ 1.18% EUR/BRL 5.90 ▼ 0.12% BRENT 73.01 ▼ 0.99% WTI 69.49 ▼ 1.21% IRON ORE 161.91 — — COPPER 6.10 ▲ 2.56% GOLD 4,002 ▲ 0.30% SILVER 57.50 ▼ 0.95% SOY 1,139 ▲ 2.68% CORN 435.25 ▲ 6.94% WHEAT 595.75 ▲ 1.71% COFFEE 280.95 ▼ 3.64% SUGAR 14.02 ▲ 4.47% ORANGE JUICE 146.40 ▼ 1.81% COTTON 76.97 ▲ 6.77% COCOA 5,229 ▲ 6.67% BEEF 246.65 ▼ 3.33% CATTLE 373.23 ▲ 1.38% LITHIUM 78.91 ▲ 0.61% PETR4 38.29 ▼ 2.64% VALE3 77.73 ▼ 2.08% ITUB4 40.97 ▼ 0.19% BBDC4 17.65 ▼ 1.07% ABEV3 16.38 ▲ 0.06% BBAS3 19.73 ▼ 0.65% B3SA3 15.03 ▲ 2.11% WEGE3 46.61 ▲ 1.97% PRIO3 54.10 ▼ 3.57% SUZB3 42.20 ▲ 0.60% RENT3 41.76 ▼ 0.05% AZZA3 19.31 ▼ 3.93% CSAN3 3.70 ▼ 1.33% RAIZ4 0.42 — 0.00% PCAR3 2.11 ▲ 1.44% GMAT3 3.82 ▼ 0.52% PSSA3 52.38 ▲ 0.36% CVCB3 1.42 ▲ 7.58% POSI3 3.94 ▲ 2.07% SLCE3 13.37 ▼ 0.67% NATU3 7.81 ▲ 1.17% BRKM5 7.62 ▲ 0.26% RANI3 7.79 ▲ 2.10% CSNA3 5.06 ▼ 3.98% CMIN3 4.27 ▼ 0.23% USIM5 8.68 ▲ 0.23% GGBR4 21.38 ▼ 1.47% ENEV3 25.94 ▲ 2.94% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 0.57% CMIG4 10.72 ▼ 0.46% EQTL3 38.00 ▼ 0.52% LREN3 14.50 ▲ 1.32% VIVT3 34.25 ▼ 0.09% RAIL3 12.98 ▲ 0.62% KLABIN 16.85 ▲ 0.24% RAIA DROGASIL 17.08 ▲ 0.47% RDOR3 34.10 ▼ 0.70% HAPV3 10.17 ▼ 1.07% FLRY3 15.16 ▲ 0.60% SMTO3 14.72 ▼ 0.34% UGPA3 25.32 ▼ 0.67% VBBR3 29.11 ▼ 0.95% BBSE3 38.68 ▲ 1.07% BPAC11 53.66 ▲ 1.63% CURY3 34.96 ▲ 1.84% AERI3 2.06 ▼ 3.29% VIVARA 22.65 ▲ 3.52% COMPASS 24.90 ▼ 0.80% VAMOS 2.77 ▼ 1.42% SANB11 26.38 ▼ 1.38% ASAI3 8.27 ▲ 4.16% SBSP3 28.47 ▲ 1.10% WALMEX 51.48 ▲ 1.30% GMEXICO 196.64 ▼ 4.50% FEMSA 216.27 ▼ 3.00% CEMEX 21.12 ▼ 1.03% GFNORTE 182.16 ▼ 1.41% BIMBO 55.21 ▼ 1.22% TELEVISA 9.69 ▲ 2.22% AMX 23.00 ▲ 1.28% GAP 432.95 ▲ 0.98% ASUR 302.31 ▲ 2.13% OMA 236.88 ▲ 0.31% KOF 184.34 ▼ 1.66% GRUMA 280.84 ▲ 0.37% KIMBER 37.23 ▲ 0.27% SQM-B 69,500 ▼ 0.93% COPEC 5,830 ▼ 2.30% BSANTANDER 72.01 ▼ 1.36% FALABELLA 5,560 ▼ 2.22% ENELAM 81.76 ▼ 1.26% CENCOSUD 2,111 ▼ 2.22% CMPC 1,036 ▼ 0.71% BANCO CHILE 175.02 ▼ 1.73% LATAM AIR 26.11 ▲ 3.00% YPF 70,800 ▼ 5.22% GGAL 7,625 ▼ 4.21% PAMPA 4,970 ▼ 2.93% TXAR 665.50 ▼ 2.28% ALUAR 1,027 ▼ 0.58% TGS 9,130 ▼ 3.49% CEPU 2,206 ▼ 5.93% MIRGOR 16,075 ▼ 2.13% COME 42.02 ▼ 5.02% LOMA NEGRA 3,573 ▼ 5.74% BYMA 309.00 ▼ 2.98% TELECOM ARG 3,953 ▼ 1.80% ECOPETROL 14.59 ▼ 5.93% BANCOLOMBIA 79.28 ▼ 2.09% GRUPO AVAL 5.18 ▼ 2.63% CREDICORP 376.49 ▲ 2.09% SOUTHERN COPPER 171.84 ▼ 3.77% BUENAVENTURA 29.75 ▼ 4.03% MERCADOLIBRE 1,660 ▲ 4.79% NUBANK 12.46 ▼ 1.03% XP 15.56 ▼ 1.02% PAGSEGURO 8.77 ▲ 0.11% STONE 10.82 ▲ 0.93% GLOBANT 29.12 ▼ 0.55% TECNOGLASS 45.31 ▼ 0.15% GAP AIRPORT 245.58 ▲ 0.61% ASUR 302.31 ▲ 2.13% OMA AIRPORT 107.65 ▼ 0.01% AMX ADR 25.99 ▲ 0.54% FEMSA ADR 123.08 ▼ 3.17% CEMEX ADR 12.02 ▼ 1.15% PETROBRAS ADR 16.45 ▼ 3.41% VALE ADR 14.84 ▼ 3.07% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.14 ▼ 2.28% AMBEV ADR 3.13 ▼ 0.95% CSN 0.98 ▼ 5.67% GERDAU 4.09 ▼ 1.92% LATAM ADR 57.05 ▲ 2.35% BTC 61,305 ▲ 0.51% ETH 1,635 ▲ 0.91% SOL 68.20 ▲ 0.32% XRP 1.07 ▲ 0.08% BNB 564.72 ▲ 0.17% ADA 0.15 ▲ 0.40% DOGE 0.08 ▲ 0.24% AVAX 6.42 ▼ 0.38% LINK 7.45 ▲ 0.43% DOT 0.88 ▼ 0.73% LTC 41.55 ▲ 1.28% BCH 193.49 ▲ 1.80% TRX 0.33 ▲ 0.45% XLM 0.18 ▼ 0.65% HBAR 0.07 ▼ 2.52% NEAR 1.93 ▼ 1.47% ATOM 1.63 ▼ 0.95% AAVE 81.22 ▲ 2.01% SELIC 14.25% EMBRAER 79.98 ▲ 1.86% EMBRAER ADR 61.67 ▲ 0.97% JBS 12.19 ▼ 0.33% JBS BDR 63.49 ▲ 1.10% MBRF3 16.14 ▼ 3.93% MBRFY 3.05 ▼ 2.97% INTER 5.29 ▼ 0.84%
since 2009
Thursday, June 25, 2026

Chile’s Salmon Boom Carries a Deadly Cost for Its Divers

By · May 26, 2026 · 5 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

CHILE · ECONOMY

Key Facts

A top export: Salmon was Chile’s second-largest export in 2025, at about US$6.5 billion, behind only copper.

World’s second producer: Chile supplies roughly a third of global farmed salmon, behind Norway.

The human cost: A monitoring group counts about 90 worker deaths tied to the industry over roughly 12 years.

New law, no rules yet: A 2025 law regulates dive work for the first time but still lacks its implementing regulation.

Latin American impact: A test of whether a flagship regional export can pair record sales with safer working conditions.

Chile’s Salmon Boom Carries a Deadly Cost for Its Divers. (Photo Internet reproduction)
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Chile’s salmon industry is posting record export figures, but a steady toll of deaths among the divers and workers who sustain it has renewed scrutiny of safety in one of the country’s most valuable sectors.

How big the salmon industry has become

Salmon and trout exports reached about US$6.5 billion in 2025, according to figures from the central bank cited by the sector’s trade association. That made salmon Chile’s second-largest export product, behind copper, and its single most valuable non-mineral export.

The result marked a third straight year of growth, close to the record set in 2022. Chile is the world’s second-largest producer of farmed salmon, supplying roughly a third of global output, behind Norway.

The industry is concentrated, with a handful of companies accounting for half of exports, and centered in the southern regions of Los Lagos, Aysen and Magallanes. The United States is the leading market, taking a large share of the revenue.

The cost to divers and workers

Behind those figures is a dangerous job. Divers descend to work at the fish-farming pens, often in cold, open water and difficult conditions, and the work has proved deadly with troubling regularity.

The monitoring group Ecoceanos counts about 90 worker deaths linked to the industry over roughly the past twelve years. Seven workers died in January 2026 alone, the group says, a toll that drew national attention and reached Congress.

Maritime authority records point to scores of diving accidents at the farms over the past two decades, a share of them fatal. Labor and environmental groups link the pattern to subcontracting, weak oversight and the pressure of rising harvests.

A new law that is not yet in force

In December 2025, Congress approved a law that, for the first time, creates a specific labor framework for professional divers working at fish farms. It sets safety obligations for companies, including dive logs, limits on time underwater and emergency protocols.

The measure also assigns responsibility to the main companies that contract diving services, requiring them to oversee the work. Reporting has pointed to a target for the rules to take effect around the middle of 2026.

For now, the law lacks the implementing regulation that would define working hours, rest and safety procedures in detail. Until that is published, much of the change it promises remains on paper.

Why it matters for the region

The tension is one many resource-rich economies share. A booming export can deliver foreign earnings and jobs while leaving the workers at its base exposed to serious risk.

For Chile, the question is whether record sales can be matched by safer conditions, and whether the new rules will be enforced once they arrive. The answer will shape how the industry is judged at home and abroad.

Other countries in the region weighing large-scale aquaculture are watching closely. Chile’s experience is being cited in debates over whether to expand similar farming elsewhere in Patagonia and beyond.

Frequently Asked Questions

How important is salmon to Chile’s economy?

It is the country’s second-largest export, worth about US$6.5 billion in 2025 and its most valuable non-mineral export. Chile is the world’s second-largest producer of farmed salmon, behind Norway.

How many workers have died?

The monitoring group Ecoceanos counts about 90 deaths linked to the industry over roughly twelve years, including seven in January 2026. Maritime records also document many diving accidents, some of them fatal.

Why is the work so dangerous?

Divers work in cold, open water under pressure, where decompression risks are serious. Labor and environmental groups link the deaths to subcontracting, weak oversight and the demands of rising harvests.

What does the new law do?

Passed in December 2025, it creates a specific labor framework for divers at fish farms, with safety obligations such as dive logs, time limits and emergency protocols. It still lacks the regulation needed to apply it.

When will the rules take effect?

Reporting has pointed to a target around the middle of 2026, but the implementing regulation has not yet been published, so the timing is not settled.

Connected Coverage

For more on the region’s export economies, see our coverage of Brazil’s record trade surplus. For another Chilean story on the world stage, see our report on Chile’s navy at the RIMPAC exercise.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.