Chile's seafood export revenue in May fell 17.4% year-on-year

Published Jul 2, 2024

Tridge summary

Chile's seafood exports have seen a mixed performance, with revenue declines in salmon and trout, fish oil, algae, fish meal, and horse mackerel exports, balanced by increases in mussel and squid exports. The largest market for Chilean seafood, Spain, saw a 15.4% increase in export value. Brazil's imports rose by 17.4%, primarily due to salmon and trout. France experienced a 94.5% increase in import value, largely due to higher fish oil exports, despite a drop in salmon and trout imports. However, exports to the United States, China, Japan, and Mexico saw a decrease in import value.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The main reasons for the decline in export revenue were the significant decline in salmon and trout exports, which fell by 17.1% to $454 million; fish oil exports fell by 47.8% to $33 million; algae exports fell by 47.5% to $11 million; fish meal exports fell by 11.7% to $53 million; and horse mackerel exports fell by 16.4% to $36 million. Data showed that Chile's mussel exports in May were $35 million, up 7.9% year-on-year, and squid exports were $20 million, up 17.8% year-on-year. , the export value of Patagonian toothfish was 10 million US dollars, a year-on-year increase of 45.9%, and the export value of squid was 3 million US dollars, a year-on-year increase of 7.6%. Chile's seafood exports to Brazil were 81 million US dollars, an increase of 17.4%. This growth was mainly driven by the export of salmon and trout. The export value of the above two products to Brazil was 79 million US dollars, a year-on-year increase of 19.7%. Chile's seafood exports to Brazil in May accounted ...

Source: Foodmate