Shipments to Japan and China boosted Chile's seafood exports in the first half, despite an overall decline of 5%

Published Jul 27, 2024

Tridge summary

Chile's seafood exports saw a decline in the first half of the year, with salmon and horse mackerel exports falling by 4.8% and 2.5%, respectively. Other products like mussels, fish oil, seaweed, and crab also experienced declines. However, increases in fishmeal, squid, deep-sea cod, hake, shrimp, and scallops helped offset the overall drop. The US remained the largest market despite an 11.2% decrease, while Japan, Brazil, and China showed positive growth. Notably, squid exports surged by 603.2%, and Belgium emerged as the fastest-growing market in June due to a significant rise in fish oil exports.

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

Original content

According to a recent report from the Agency for Development and Export Promotion of the Directorate of Economic and International Relations of the Ministry of Foreign Affairs of Chile (ProChile), salmon exports fell by 4.8% to $3 billion, and horse mackerel exports also fell by 2.5% to $229 million. Following the same trend, exports of mussels, fish oil, seaweed and crab also fell by 3.5%, 2.6%, 52.9% and 21.2% to $161 million, $152 million, $55 million and $23 million in period from January to June. Several sub-sectors helped mitigate the decline. Sales of fishmeal increased by 15.6% to $288 million, as did sales of squid (up 48.4% to $74 million), deep-sea cod (up 19.3% to $41 million), hake (up 16.7 % to $24 million), shrimp (up 0.4% to $11 million) and scallops (up 36.8% to $7 million). In terms of Chile's main fish and seafood export markets in the first half of the year, the US remained the largest market with $1.4 billion in exports. However, this represents a decline of ...

Source: Fishretail