IBOV 177,816 ▲ 0.91% IPSA 10,826 ▲ 2.48% IPC MEX 68,261 ▼ 0.11% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.02 ▼ 0.03% USD/MXN 17.29 ▲ 0.06% USD/CLP 895.07 ▼ 0.05% USD/COP 3,636 ▼ 1.20% USD/PEN 3.40 ▼ 0.49% USD/ARS 1,399 ▼ 0.14% USD/UYU 39.96 ▲ 0.10% USD/PYG 6,158 ▲ 3.31% USD/BOB 6.86 ▲ 2.19% USD/DOP 58.58 ▲ 0.93% USD/CRC 449.07 ▲ 2.31% USD/GTQ 7.62 ▲ 2.56% USD/HNL 26.62 ▲ 2.06% USD/NIO 36.62 ▲ 1.03% USD/VES 534.05 ▲ 0.79% USD/PAB 1.00 ▲ 2.57% USD/BZD 2.00 ▲ 2.00% USD/JMD 156.75 ▲ 0.64% USD/TTD 6.72 ▲ 1.24% EUR/BRL 5.83 ▼ 0.18% BRENT 95.91 ▼ 7.37% WTI 92.62 ▼ 4.12% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.57% GOLD 4,513 ▼ 0.19% SILVER 76.39 ▲ 0.65% SOY 1,190 ▼ 0.54% CORN 458.75 ▼ 0.97% WHEAT 639.00 ▼ 1.12% COFFEE 272.30 ▼ 0.02% SUGAR 14.52 ▼ 1.22% ORANGE JUICE 166.80 ▲ 0.12% COTTON 78.14 ▲ 0.93% COCOA 4,030 ▲ 6.16% BEEF 239.60 ▼ 3.83% CATTLE 349.85 ▼ 5.22% LITHIUM 85.28 ▲ 1.07% PETR4 43.40 ▼ 2.43% VALE3 83.59 ▲ 0.59% ITUB4 40.32 ▲ 2.26% BBDC4 18.07 ▲ 2.55% ABEV3 16.40 ▲ 1.86% BBAS3 21.65 ▲ 3.39% B3SA3 17.26 ▲ 3.60% WEGE3 43.31 ▲ 1.36% PRIO3 64.31 ▼ 5.98% SUZB3 41.41 ▼ 0.70% RENT3 44.90 ▲ 3.58% AZZA3 20.89 ▲ 0.82% CSAN3 4.39 ▲ 2.33% RAIZ4 0.41 ▲ 5.13% PCAR3 2.07 ▼ 0.48% GMAT3 4.45 ▲ 1.37% PSSA3 49.24 ▲ 0.14% CVCB3 1.78 ▲ 0.57% POSI3 4.10 ▲ 0.99% SLCE3 16.22 ▲ 0.93% NATU3 10.53 ▲ 4.26% BRKM5 12.40 ▲ 3.59% RANI3 8.03 ▼ 0.62% CSNA3 6.72 ▼ 0.15% CMIN3 4.49 ▲ 0.22% USIM5 10.02 ▼ 3.19% GGBR4 24.18 ▲ 0.71% ENEV3 25.22 ▲ 1.04% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.02% CMIG4 11.27 ▲ 0.45% EQTL3 38.50 ▲ 2.20% LREN3 15.41 ▲ 2.26% VIVT3 33.54 ▼ 0.05% RAIL3 14.36 ▲ 1.06% KLABIN 16.55 ▲ 0.55% RAIA DROGASIL 18.48 ▲ 1.59% RDOR3 34.51 ▲ 1.29% HAPV3 12.40 ▲ 2.90% FLRY3 15.92 ▲ 1.47% SMTO3 17.31 ▼ 1.65% UGPA3 28.44 ▼ 0.91% VBBR3 32.28 ▼ 1.44% BBSE3 34.62 ▲ 0.44% BPAC11 55.90 ▲ 3.65% CURY3 31.88 ▲ 4.42% AERI3 2.35 ▼ 2.08% VIVARA 22.73 ▲ 2.43% COMPASS 27.26 ▲ 1.34% VAMOS 3.37 ▲ 3.69% SANB11 27.64 ▲ 1.99% ASAI3 9.12 ▲ 8.06% SBSP3 29.10 ▲ 2.25% WALMEX 55.26 ▼ 0.52% GMEXICO 206.26 ▲ 0.59% FEMSA 210.75 ▲ 0.33% CEMEX 22.08 ▲ 1.28% GFNORTE 189.00 ▼ 0.92% BIMBO 57.81 ▼ 0.41% TELEVISA 9.65 ▼ 1.13% AMX 22.25 ▼ 2.15% GAP 426.00 ▲ 2.19% ASUR 301.76 ▼ 2.25% OMA 227.49 ▲ 2.33% KOF 187.98 ▲ 1.45% GRUMA 295.61 ▲ 0.96% KIMBER 37.65 ▲ 0.08% SQM-B 73,510 ▲ 2.17% COPEC 6,420 ▲ 0.32% BSANTANDER 71.58 ▲ 1.97% FALABELLA 5,929 ▲ 3.67% ENELAM 78.50 ▲ 1.95% CENCOSUD 2,200 ▲ 3.97% CMPC 1,145 ▲ 4.57% BANCO CHILE 172.21 ▲ 1.90% LATAM AIR 23.75 ▲ 5.14% YPF 71,025 — 0.00% GGAL 6,455 — 0.00% PAMPA 4,783 — 0.00% TXAR 634.00 — 0.00% ALUAR 938.50 — 0.00% TGS 8,685 — 0.00% CEPU 2,077 — 0.00% MIRGOR 16,350 — 0.00% COME 43.70 — 0.00% LOMA NEGRA 3,278 — 0.00% BYMA 285.25 — 0.00% TELECOM ARG 3,493 — 0.00% ECOPETROL 13.85 ▼ 0.07% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.30 ▼ 2.82% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.46 ▼ 0.74% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.16 ▼ 0.10% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.76 ▼ 2.25% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.14 ▼ 0.72% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.56 ▼ 0.24% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.48 ▲ 0.06% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.39 ▼ 3.06% AMBEV ADR 3.20 ▼ 2.14% CSN 1.35 ▲ 5.47% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 77,098 ▼ 0.24% ETH 2,119 ▲ 0.35% SOL 85.13 ▲ 0.14% XRP 1.35 ▲ 0.09% BNB 661.80 ▼ 0.08% ADA 0.24 ▲ 0.22% DOGE 0.10 ▲ 0.25% AVAX 9.37 ▲ 0.73% LINK 9.56 ▲ 0.67% DOT 1.28 ▲ 1.17% LTC 52.74 ▲ 0.16% BCH 353.35 ▲ 0.57% TRX 0.38 ▲ 1.01% XLM 0.15 ▼ 0.12% HBAR 0.09 ▲ 0.29% NEAR 2.85 ▲ 2.66% ATOM 2.23 ▲ 4.61% AAVE 87.49 ▲ 1.38% SELIC 14.50% EMBRAER 73.28 ▲ 1.31% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.45 ▲ 0.32% MBRF3 16.24 ▼ 2.17% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75% EGX 52,659 ▼ 0.38% USD/ZAR 16.35 ▲ 0.28% USD/NGN 1,370 — 0.00% NIKKEI 64,996 ▼ 0.25% CSI300 4,948 ▲ 0.53% HSI 25,599 ▼ 0.03% NIFTY 23,914 ▼ 0.49% KOSPI 8,048 ▲ 2.55% JCI 6,130 ▼ 1.23% USD/JPY 159.19 ▲ 0.21% USD/CNY 6.7845 ▲ 0.01% DAX 25,279 ▼ 0.43% CAC 8,201 ▼ 0.69% FTSE 10,521 ▲ 0.52% MIB 50,186 ▼ 0.07% IBEX 18,413 ▲ 0.14% STOXX 630.56 ▼ 0.17% EUR/USD 1.1640 ▼ 0.03% GBP/USD 1.3474 ▼ 0.21% SPX 7,473 ▲ 0.37% DJI 50,580 ▲ 0.58% NDX 29,482 ▲ 0.42% RUT 2,869 ▲ 0.91% TSX 34,831 ▲ 1.04% VIX 16.72 ▲ 0.78% USD/CAD 1.3813 ▲ 0.07% US10Y 4.5580 — 0.00% IBOV 177,816 ▲ 0.91% IPSA 10,826 ▲ 2.48% IPC MEX 68,261 ▼ 0.11% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.02 ▼ 0.03% USD/MXN 17.29 ▲ 0.06% USD/CLP 895.07 ▼ 0.05% USD/COP 3,636 ▼ 1.20% USD/PEN 3.40 ▼ 0.49% USD/ARS 1,399 ▼ 0.14% USD/UYU 39.96 ▲ 0.10% USD/PYG 6,158 ▲ 3.31% USD/BOB 6.86 ▲ 2.19% USD/DOP 58.58 ▲ 0.93% USD/CRC 449.07 ▲ 2.31% USD/GTQ 7.62 ▲ 2.56% USD/HNL 26.62 ▲ 2.06% USD/NIO 36.62 ▲ 1.03% USD/VES 534.05 ▲ 0.79% USD/PAB 1.00 ▲ 2.57% USD/BZD 2.00 ▲ 2.00% USD/JMD 156.75 ▲ 0.64% USD/TTD 6.72 ▲ 1.24% EUR/BRL 5.83 ▼ 0.18% BRENT 95.91 ▼ 7.37% WTI 92.62 ▼ 4.12% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.57% GOLD 4,513 ▼ 0.19% SILVER 76.39 ▲ 0.65% SOY 1,190 ▼ 0.54% CORN 458.75 ▼ 0.97% WHEAT 639.00 ▼ 1.12% COFFEE 272.30 ▼ 0.02% SUGAR 14.52 ▼ 1.22% ORANGE JUICE 166.80 ▲ 0.12% COTTON 78.14 ▲ 0.93% COCOA 4,030 ▲ 6.16% BEEF 239.60 ▼ 3.83% CATTLE 349.85 ▼ 5.22% LITHIUM 85.28 ▲ 1.07% PETR4 43.40 ▼ 2.43% VALE3 83.59 ▲ 0.59% ITUB4 40.32 ▲ 2.26% BBDC4 18.07 ▲ 2.55% ABEV3 16.40 ▲ 1.86% BBAS3 21.65 ▲ 3.39% B3SA3 17.26 ▲ 3.60% WEGE3 43.31 ▲ 1.36% PRIO3 64.31 ▼ 5.98% SUZB3 41.41 ▼ 0.70% RENT3 44.90 ▲ 3.58% AZZA3 20.89 ▲ 0.82% CSAN3 4.39 ▲ 2.33% RAIZ4 0.41 ▲ 5.13% PCAR3 2.07 ▼ 0.48% GMAT3 4.45 ▲ 1.37% PSSA3 49.24 ▲ 0.14% CVCB3 1.78 ▲ 0.57% POSI3 4.10 ▲ 0.99% SLCE3 16.22 ▲ 0.93% NATU3 10.53 ▲ 4.26% BRKM5 12.40 ▲ 3.59% RANI3 8.03 ▼ 0.62% CSNA3 6.72 ▼ 0.15% CMIN3 4.49 ▲ 0.22% USIM5 10.02 ▼ 3.19% GGBR4 24.18 ▲ 0.71% ENEV3 25.22 ▲ 1.04% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.02% CMIG4 11.27 ▲ 0.45% EQTL3 38.50 ▲ 2.20% LREN3 15.41 ▲ 2.26% VIVT3 33.54 ▼ 0.05% RAIL3 14.36 ▲ 1.06% KLABIN 16.55 ▲ 0.55% RAIA DROGASIL 18.48 ▲ 1.59% RDOR3 34.51 ▲ 1.29% HAPV3 12.40 ▲ 2.90% FLRY3 15.92 ▲ 1.47% SMTO3 17.31 ▼ 1.65% UGPA3 28.44 ▼ 0.91% VBBR3 32.28 ▼ 1.44% BBSE3 34.62 ▲ 0.44% BPAC11 55.90 ▲ 3.65% CURY3 31.88 ▲ 4.42% AERI3 2.35 ▼ 2.08% VIVARA 22.73 ▲ 2.43% COMPASS 27.26 ▲ 1.34% VAMOS 3.37 ▲ 3.69% SANB11 27.64 ▲ 1.99% ASAI3 9.12 ▲ 8.06% SBSP3 29.10 ▲ 2.25% WALMEX 55.26 ▼ 0.52% GMEXICO 206.26 ▲ 0.59% FEMSA 210.75 ▲ 0.33% CEMEX 22.08 ▲ 1.28% GFNORTE 189.00 ▼ 0.92% BIMBO 57.81 ▼ 0.41% TELEVISA 9.65 ▼ 1.13% AMX 22.25 ▼ 2.15% GAP 426.00 ▲ 2.19% ASUR 301.76 ▼ 2.25% OMA 227.49 ▲ 2.33% KOF 187.98 ▲ 1.45% GRUMA 295.61 ▲ 0.96% KIMBER 37.65 ▲ 0.08% SQM-B 73,510 ▲ 2.17% COPEC 6,420 ▲ 0.32% BSANTANDER 71.58 ▲ 1.97% FALABELLA 5,929 ▲ 3.67% ENELAM 78.50 ▲ 1.95% CENCOSUD 2,200 ▲ 3.97% CMPC 1,145 ▲ 4.57% BANCO CHILE 172.21 ▲ 1.90% LATAM AIR 23.75 ▲ 5.14% YPF 71,025 — 0.00% GGAL 6,455 — 0.00% PAMPA 4,783 — 0.00% TXAR 634.00 — 0.00% ALUAR 938.50 — 0.00% TGS 8,685 — 0.00% CEPU 2,077 — 0.00% MIRGOR 16,350 — 0.00% COME 43.70 — 0.00% LOMA NEGRA 3,278 — 0.00% BYMA 285.25 — 0.00% TELECOM ARG 3,493 — 0.00% ECOPETROL 13.85 ▼ 0.07% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.30 ▼ 2.82% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.46 ▼ 0.74% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.16 ▼ 0.10% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.76 ▼ 2.25% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.14 ▼ 0.72% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.56 ▼ 0.24% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.48 ▲ 0.06% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.39 ▼ 3.06% AMBEV ADR 3.20 ▼ 2.14% CSN 1.35 ▲ 5.47% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 77,098 ▼ 0.24% ETH 2,119 ▲ 0.35% SOL 85.13 ▲ 0.14% XRP 1.35 ▲ 0.09% BNB 661.80 ▼ 0.08% ADA 0.24 ▲ 0.22% DOGE 0.10 ▲ 0.25% AVAX 9.37 ▲ 0.73% LINK 9.56 ▲ 0.67% DOT 1.28 ▲ 1.17% LTC 52.74 ▲ 0.16% BCH 353.35 ▲ 0.57% TRX 0.38 ▲ 1.01% XLM 0.15 ▼ 0.12% HBAR 0.09 ▲ 0.29% NEAR 2.85 ▲ 2.66% ATOM 2.23 ▲ 4.61% AAVE 87.49 ▲ 1.38% SELIC 14.50% EMBRAER 73.28 ▲ 1.31% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.45 ▲ 0.32% MBRF3 16.24 ▼ 2.17% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75% EGX 52,659 ▼ 0.38% USD/ZAR 16.35 ▲ 0.28% USD/NGN 1,370 — 0.00% NIKKEI 64,996 ▼ 0.25% CSI300 4,948 ▲ 0.53% HSI 25,599 ▼ 0.03% NIFTY 23,914 ▼ 0.49% KOSPI 8,048 ▲ 2.55% JCI 6,130 ▼ 1.23% USD/JPY 159.19 ▲ 0.21% USD/CNY 6.7845 ▲ 0.01% DAX 25,279 ▼ 0.43% CAC 8,201 ▼ 0.69% FTSE 10,521 ▲ 0.52% MIB 50,186 ▼ 0.07% IBEX 18,413 ▲ 0.14% STOXX 630.56 ▼ 0.17% EUR/USD 1.1640 ▼ 0.03% GBP/USD 1.3474 ▼ 0.21% SPX 7,473 ▲ 0.37% DJI 50,580 ▲ 0.58% NDX 29,482 ▲ 0.42% RUT 2,869 ▲ 0.91% TSX 34,831 ▲ 1.04% VIX 16.72 ▲ 0.78% USD/CAD 1.3813 ▲ 0.07% US10Y 4.5580 — 0.00%
since 2009
Tuesday, May 26, 2026

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

By · May 26, 2026 · 4 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)

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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