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Export volumes of salmon have increased by 32 per cent. (Photo: Stock File)

Salmonid exports generate USD 874 million during first quarter

Click on the flag for more information about Chile CHILE
Thursday, April 21, 2011, 21:50 (GMT + 9)

Chile exported salmon and trout for a total of USD 874 million in the first three months of 2011. This amount represents 89 per cent of all revenues generated by foreign sales of non-mining products, which totaled USD 983 million, according to the National Customs Service of Chile (Customs).

According to the latest Monthly Foreign Trade Report prepared by the entity, in the first quarter of this year, around USD 540 million of salmon were exported and USD 334 million of trout.

"In both products, growth in shipments of salmon was the highlight of the quarter, with USD 191 million more than in the first quarter of last year, which involved more than a 3 per cent increase in non-mining exports during the last quarter," the report said.

This growth was driven by a 17 per cent increase in the price of salmon and a 32 per cent increase in export volumes, which represented more than 19,000 additional tonnes.

The revenue generated by sales of trout were those that showed the largest increase in the quarter, by a total of 81 per cent. According to the report by Customs, this was due to the 52 per cent increase in export volumes and the sharp rise in the average price, by 19 per cent.

Moreover, Customs reported that exports of Chilean sea bass (Patagonian toothfish) increased by 71 per cent in the first three months, to USD 10 million.

Japan was the main destination for shipments of salmon and trout, products which had a 47 per cent and 59 per cent participation, respectively.

With respect to Chilean sea bass, shipments to the U.S. market represented 69 per cent of income earned in the period under review.

By Analia Murias
[email protected]
www.fis.com

 


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