IBOV 173,714.08 ▼ 0.06% IPSA 10,886.14 ▼ 0.56% IPC MEX 66,615.43 ▲ 0.39% MERVAL 3,199,934 ▲ 0.46% COLCAP 2,298.34 ▲ 0.58% BVL PERÚ 57,220.16 — — USD/BRL5.11▼ 0.03% USD/MXN17.49▼ 0.28% USD/CLP931.08▼ 0.42% USD/COP3,251▼ 0.20% USD/PEN3.41▲ 0.47% USD/ARS1,478▼ 0.03% USD/UYU 40.23 — 0.00% USD/PYG 6,032 — 0.00% USD/BOB 10.65 — 0.00% USD/DOP58.34▲ 0.17% USD/CRC 446.12 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.73 — 0.00% USD/NIO 36.62 — 0.00% USD/VES735.09▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59— 0.00% USD/TTD6.74— 0.00% EUR/BRL5.84▼ 0.12% BRENT 87.03 ▼ 1.21% WTI 80.32 ▼ 2.63% IRON ORE 161.91 — — COPPER 6.34 ▲ 1.85% GOLD 4,033 ▲ 0.51% SILVER 57.39 ▲ 2.40% SOY 1,219 ▲ 1.16% CORN 474.25 ▲ 6.63% WHEAT 682.25 ▼ 0.07% COFFEE 318.50 ▼ 3.03% SUGAR 14.76 ▼ 0.47% ORANGE JUICE 139.35 ▲ 4.15% COTTON 79.34 ▲ 2.95% COCOA 5,405 ▼ 2.31% BEEF 220.70 ▼ 2.81% CATTLE 339.35 ▼ 2.09% LITHIUM 68.38 ▼ 0.70% PETR4 40.90 ▲ 2.53% VALE3 72.94 ▼ 0.05% ITUB4 41.96 ▼ 1.39% BBDC4 18.29 ▼ 0.65% ABEV3 15.63 ▲ 0.19% BBAS3 20.49 ▼ 1.30% B3SA3 15.20 ▼ 1.23% WEGE3 43.63 ▲ 0.32% PRIO3 57.85 ▲ 1.87% SUZB3 41.93 ▲ 0.55% RENT3 38.23 ▼ 1.62% AZZA3 18.59 ▲ 0.32% CSAN3 3.84 ▼ 1.03% RAIZ4 0.29 — 0.00% PCAR3 2.60 ▲ 0.39% GMAT3 3.88 ▼ 1.02% PSSA3 55.14 ▼ 0.14% CVCB3 1.22 ▼ 9.63% POSI3 3.80 ▼ 2.06% SLCE3 13.53 ▼ 0.59% NATU3 8.55 ▼ 0.12% BRKM5 6.19 ▲ 1.48% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.33 ▼ 2.20% USIM5 8.23 ▲ 4.18% GGBR4 24.04 ▲ 0.54% ENEV3 25.68 ▼ 1.04% CPFE3 46.87 ▼ 0.68% CMIG4 11.12 ▲ 0.27% EQTL3 39.50 ▼ 0.88% LREN3 13.42 ▼ 1.69% VIVT3 35.52 ▲ 0.14% RAIL3 13.70 ▼ 1.65% KLABIN 17.58 ▲ 1.27% RAIA DROGASIL 18.55 ▲ 0.16% RDOR3 35.78 ▼ 0.25% HAPV3 11.38 ▲ 3.93% FLRY3 16.59 ▲ 1.04% SMTO3 15.45 ▼ 1.72% UGPA3 32.07 ▲ 0.25% VBBR3 34.92 ▲ 1.60% BBSE3 41.12 ▼ 0.15% BPAC11 56.18 ▼ 0.72% CURY3 30.67 ▼ 1.98% AERI3 2.02 — 0.00% VIVARA 22.44 ▼ 3.90% COMPASS 24.88 ▼ 0.12% VAMOS 3.17 ▲ 0.32% SANB11 26.65 ▼ 0.67% ASAI3 8.50 ▼ 0.70% SBSP3 29.22 ▼ 0.27% WALMEX 49.52 ▼ 0.08% GMEXICO 200.05 ▲ 0.41% FEMSA 225.68 ▲ 0.28% CEMEX 22.69 ▼ 0.40% GFNORTE 181.34 ▲ 0.53% BIMBO 58.00 ▲ 0.14% TELEVISA 9.57 ▲ 0.63% AMX 23.00 ▲ 0.97% GAP 386.00 ▼ 1.47% ASUR 279.71 ▼ 0.44% OMA 230.06 ▼ 1.30% KOF 181.10 ▲ 1.20% GRUMA 287.32 ▲ 0.34% KIMBER 38.67 ▼ 0.28% SQM-B 65,450 ▼ 0.91% COPEC 6,250 ▲ 2.02% BSANTANDER 77.00 ▼ 1.48% FALABELLA 5,835 ▼ 0.31% ENELAM 84.04 ▼ 0.90% CENCOSUD 1,995 ▼ 0.50% CMPC 1,070 ▼ 0.37% BANCO CHILE 188.50 ▼ 0.20% LATAM AIR 24.76 ▼ 2.52% YPF 77,900 ▲ 2.40% GGAL 7,860 ▼ 0.06% PAMPA 5,170 ▲ 1.17% TXAR 665.00 ▲ 0.45% ALUAR 949.50 ▲ 1.01% TGS 9,370 ▼ 0.16% CEPU 2,264 ▲ 0.18% MIRGOR 16,875 ▲ 0.75% COME 43.84 ▼ 1.39% LOMA NEGRA 3,535 ▼ 0.63% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 16.09 ▲ 1.84% BANCOLOMBIA 80.41 ▲ 1.18% GRUPO AVAL 4.92 ▼ 1.01% CREDICORP 390.70 ▲ 0.84% SOUTHERN COPPER 172.48 ▼ 1.81% BUENAVENTURA 30.24 ▲ 0.23% MERCADOLIBRE 1,814 ▼ 2.34% NUBANK 13.59 ▼ 1.45% XP 16.67 ▼ 0.06% PAGSEGURO 9.04 ▼ 1.20% STONE 11.15 ▼ 0.45% GLOBANT 32.23 ▲ 0.09% TECNOGLASS 46.48 ▼ 0.75% GAP AIRPORT 220.91 ▼ 1.94% ASUR 279.71 ▼ 0.44% OMA AIRPORT 105.31 ▼ 1.77% AMX ADR 26.27 ▲ 0.50% FEMSA ADR 129.02 ▼ 0.36% CEMEX ADR 12.98 ▼ 0.92% PETROBRAS ADR 17.97 ▲ 2.86% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.21 ▼ 1.14% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.03 ▼ 0.66% CSN 0.99 ▼ 0.89% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.56 ▼ 1.17% BTC 64,744 ▲ 0.08% ETH 1,881 ▲ 0.51% SOL 76.81 ▲ 0.60% XRP 1.10 ▲ 0.59% BNB 569.45 ▼ 0.17% ADA 0.16 ▼ 0.89% DOGE 0.07 ▲ 0.44% AVAX 6.59 ▲ 2.08% LINK 8.47 ▲ 1.19% DOT 0.81 ▼ 0.51% LTC 47.26 ▲ 0.46% BCH 214.54 ▼ 0.16% TRX 0.33 ▼ 0.37% XLM 0.19 ▲ 0.09% HBAR 0.07 — 0.00% NEAR 1.95 ▲ 1.75% ATOM 1.48 ▲ 0.54% AAVE 90.64 ▲ 1.47% SELIC 14.25% EMBRAER 81.75 ▼ 0.02% EMBRAER ADR 64.09 ▼ 0.44% JBS 11.91 ▼ 1.00% JBS BDR 60.20 ▼ 2.11% MBRF3 15.03 ▼ 1.70% MBRFY 2.90 ▼ 1.02% INTER 5.37 ▼ 3.07% EGX 53,126 ▲ 1.08% USD/ZAR16.48▼ 0.37% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,598 ▲ 1.53% HSI 25,143 ▲ 2.36% NIFTY 24,239 ▼ 0.39% KOSPI 6,516 ▼ 4.46% JCI 6,232 ▲ 0.91% USD/JPY 162.35 — 0.00% USD/CNY6.76▼ 0.31% DAX 24,950 ▲ 0.48% CAC 8,385 ▲ 0.55% FTSE 10,587 ▼ 0.13% MIB 52,103 ▲ 0.43% IBEX 19,298 ▲ 0.42% STOXX 643.56 ▲ 0.32% EUR/USD1.14▲ 0.04% GBP/USD1.35▲ 0.12% SPX 7,458 ▼ 1.01% DJI 52,146 ▼ 0.77% NDX 28,593 ▼ 1.49% RUT 2,962 ▼ 0.42% TSX 35,264 ▼ 0.22% VIX 17.84 ▼ 4.95% USD/CAD1.40▲ 0.11% US10Y 4.5410 ▼ 0.61% IBOV 173,714.08 ▼ 0.06% IPSA 10,886.14 ▼ 0.56% IPC MEX 66,615.43 ▲ 0.39% MERVAL 3,199,934 ▲ 0.46% COLCAP 2,298.34 ▲ 0.58% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▼ 0.03% USD/MXN 17.49 ▼ 0.28% USD/CLP 931.08 ▼ 0.42% USD/COP 3,251 ▼ 0.20% USD/PEN 3.41 ▲ 0.47% USD/ARS 1,478 ▼ 0.03% USD/UYU 40.23 — 0.00% USD/PYG 6,032 — 0.00% USD/BOB 10.65 — 0.00% USD/DOP 58.34 ▲ 0.17% USD/CRC 446.12 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.73 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 735.09 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.36% USD/TTD 6.74 ▲ 1.17% EUR/BRL 5.84 ▼ 0.12% BRENT 87.03 ▼ 1.21% WTI 80.32 ▼ 2.63% IRON ORE 161.91 — — COPPER 6.34 ▲ 1.85% GOLD 4,033 ▲ 0.51% SILVER 57.39 ▲ 2.40% SOY 1,219 ▲ 1.16% CORN 474.25 ▲ 6.63% WHEAT 682.25 ▼ 0.07% COFFEE 318.50 ▼ 3.03% SUGAR 14.76 ▼ 0.47% ORANGE JUICE 139.35 ▲ 4.15% COTTON 79.34 ▲ 2.95% COCOA 5,405 ▼ 2.31% BEEF 220.70 ▼ 2.81% CATTLE 339.35 ▼ 2.09% LITHIUM 68.38 ▼ 0.70% PETR4 40.90 ▲ 2.53% VALE3 72.94 ▼ 0.05% ITUB4 41.96 ▼ 1.39% BBDC4 18.29 ▼ 0.65% ABEV3 15.63 ▲ 0.19% BBAS3 20.49 ▼ 1.30% B3SA3 15.20 ▼ 1.23% WEGE3 43.63 ▲ 0.32% PRIO3 57.85 ▲ 1.87% SUZB3 41.93 ▲ 0.55% RENT3 38.23 ▼ 1.62% AZZA3 18.59 ▲ 0.32% CSAN3 3.84 ▼ 1.03% RAIZ4 0.29 — 0.00% PCAR3 2.60 ▲ 0.39% GMAT3 3.88 ▼ 1.02% PSSA3 55.14 ▼ 0.14% CVCB3 1.22 ▼ 9.63% POSI3 3.80 ▼ 2.06% SLCE3 13.53 ▼ 0.59% NATU3 8.55 ▼ 0.12% BRKM5 6.19 ▲ 1.48% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.33 ▼ 2.20% USIM5 8.23 ▲ 4.18% GGBR4 24.04 ▲ 0.54% ENEV3 25.68 ▼ 1.04% CPFE3 46.87 ▼ 0.68% CMIG4 11.12 ▲ 0.27% EQTL3 39.50 ▼ 0.88% LREN3 13.42 ▼ 1.69% VIVT3 35.52 ▲ 0.14% RAIL3 13.70 ▼ 1.65% KLABIN 17.58 ▲ 1.27% RAIA DROGASIL 18.55 ▲ 0.16% RDOR3 35.78 ▼ 0.25% HAPV3 11.38 ▲ 3.93% FLRY3 16.59 ▲ 1.04% SMTO3 15.45 ▼ 1.72% UGPA3 32.07 ▲ 0.25% VBBR3 34.92 ▲ 1.60% BBSE3 41.12 ▼ 0.15% BPAC11 56.18 ▼ 0.72% CURY3 30.67 ▼ 1.98% AERI3 2.02 — 0.00% VIVARA 22.44 ▼ 3.90% COMPASS 24.88 ▼ 0.12% VAMOS 3.17 ▲ 0.32% SANB11 26.65 ▼ 0.67% ASAI3 8.50 ▼ 0.70% SBSP3 29.22 ▼ 0.27% WALMEX 49.52 ▼ 0.08% GMEXICO 200.05 ▲ 0.41% FEMSA 225.68 ▲ 0.28% CEMEX 22.69 ▼ 0.40% GFNORTE 181.34 ▲ 0.53% BIMBO 58.00 ▲ 0.14% TELEVISA 9.57 ▲ 0.63% AMX 23.00 ▲ 0.97% GAP 386.00 ▼ 1.47% ASUR 279.71 ▼ 0.44% OMA 230.06 ▼ 1.30% KOF 181.10 ▲ 1.20% GRUMA 287.32 ▲ 0.34% KIMBER 38.67 ▼ 0.28% SQM-B 65,450 ▼ 0.91% COPEC 6,250 ▲ 2.02% BSANTANDER 77.00 ▼ 1.48% FALABELLA 5,835 ▼ 0.31% ENELAM 84.04 ▼ 0.90% CENCOSUD 1,995 ▼ 0.50% CMPC 1,070 ▼ 0.37% BANCO CHILE 188.50 ▼ 0.20% LATAM AIR 24.76 ▼ 2.52% YPF 77,900 ▲ 2.40% GGAL 7,860 ▼ 0.06% PAMPA 5,170 ▲ 1.17% TXAR 665.00 ▲ 0.45% ALUAR 949.50 ▲ 1.01% TGS 9,370 ▼ 0.16% CEPU 2,264 ▲ 0.18% MIRGOR 16,875 ▲ 0.75% COME 43.84 ▼ 1.39% LOMA NEGRA 3,535 ▼ 0.63% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 16.09 ▲ 1.84% BANCOLOMBIA 80.41 ▲ 1.18% GRUPO AVAL 4.92 ▼ 1.01% CREDICORP 390.70 ▲ 0.84% SOUTHERN COPPER 172.48 ▼ 1.81% BUENAVENTURA 30.24 ▲ 0.23% MERCADOLIBRE 1,814 ▼ 2.34% NUBANK 13.59 ▼ 1.45% XP 16.67 ▼ 0.06% PAGSEGURO 9.04 ▼ 1.20% STONE 11.15 ▼ 0.45% GLOBANT 32.23 ▲ 0.09% TECNOGLASS 46.48 ▼ 0.75% GAP AIRPORT 220.91 ▼ 1.94% ASUR 279.71 ▼ 0.44% OMA AIRPORT 105.31 ▼ 1.77% AMX ADR 26.27 ▲ 0.50% FEMSA ADR 129.02 ▼ 0.36% CEMEX ADR 12.98 ▼ 0.92% PETROBRAS ADR 17.97 ▲ 2.86% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.21 ▼ 1.14% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.03 ▼ 0.66% CSN 0.99 ▼ 0.89% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.56 ▼ 1.17% BTC 64,744 ▲ 0.08% ETH 1,881 ▲ 0.51% SOL 76.81 ▲ 0.60% XRP 1.10 ▲ 0.59% BNB 569.45 ▼ 0.17% ADA 0.16 ▼ 0.89% DOGE 0.07 ▲ 0.44% AVAX 6.59 ▲ 2.08% LINK 8.47 ▲ 1.19% DOT 0.81 ▼ 0.51% LTC 47.26 ▲ 0.46% BCH 214.54 ▼ 0.16% TRX 0.33 ▼ 0.37% XLM 0.19 ▲ 0.09% HBAR 0.07 — 0.00% NEAR 1.95 ▲ 1.75% ATOM 1.48 ▲ 0.54% AAVE 90.64 ▲ 1.47% SELIC 14.25% EMBRAER 81.75 ▼ 0.02% EMBRAER ADR 64.09 ▼ 0.44% JBS 11.91 ▼ 1.00% JBS BDR 60.20 ▼ 2.11% MBRF3 15.03 ▼ 1.70% MBRFY 2.90 ▼ 1.02% INTER 5.37 ▼ 3.07% EGX 53,126 ▲ 1.08% USD/ZAR 16.46 ▼ 0.39% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,598 ▲ 1.53% HSI 25,143 ▲ 2.36% NIFTY 24,239 ▼ 0.39% KOSPI 6,516 ▼ 4.46% JCI 6,232 ▲ 0.91% USD/JPY 162.35 — 0.00% USD/CNY 6.7558 ▼ 0.18% DAX 24,950 ▲ 0.48% CAC 8,385 ▲ 0.55% FTSE 10,587 ▼ 0.13% MIB 52,103 ▲ 0.43% IBEX 19,298 ▲ 0.42% STOXX 643.56 ▲ 0.32% EUR/USD 1.1432 ▼ 0.12% GBP/USD 1.3462 ▲ 0.07% SPX 7,458 ▼ 1.01% DJI 52,146 ▼ 0.77% NDX 28,593 ▼ 1.49% RUT 2,962 ▼ 0.42% TSX 35,264 ▼ 0.22% VIX 17.84 ▼ 4.95% USD/CAD 1.4036 ▲ 0.13% US10Y 4.5410 ▼ 0.61%
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Monday, July 20, 2026

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

By · May 26, 2026 · 5 min read

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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)
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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.

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