The European salmon sector's boycott of Russia because of the war started by Vladimir Putin, pictured, has created a lucrative opportunity for Chilean salmon farmers.

Value of Chilean salmon sales to Russia rose by 35% last year

Published

It is said that it’s an ill wind that blows nobody any good, and that idiom is being proved by the growing value of Chilean salmon sales to Russia.

European producers have boycotted the Russian market due to President Vladimir Putin’s invasion of Ukraine, which has so far led to the deaths of at least 400,000 people, including 15,000 Ukrainian civilians.

The boycott has left a gap that Chilean-headquartered fish farmers are happy to fill, as figures reported by Fish Farming Expert's Chilean sister site, Salmonexpert.cl, indicate.

Value up 35%, volume up 28%

The value of Chilean salmon exported to Russia last year increased to US $350 million, 35% more than in 2024, the Russian Fish Union (RFU) reported, according to Radio Biobío.

According to the RFU's statement - cited by Interfax - Russia imported 64,000 tonnes, 28% more than the previous year in volume, amid negotiations that allowed Chilean salmon to continue entering the country.

Supplies of frozen salmon increased by 50% to 32,000 tonnes ($210m), while salmon fillet supplies grew 40% to 4,100 tonnes, worth $42m, 30% more than last year.

According to Chilean salmon sector statistics company Skills, the largest exporters to Russia by value as of November 2025 were:

Value of Chilean salmon exports to Russia to November 2025

Company Earnings
AquaChile$93m
Salmones Blumar$43m
Salmones Camanchaca$35m
Multi X$35m
Australis Seafoods$21m

By volume:

AquaChile12,500 tonnes
Salmones Blumar5,300 tonnes
Multi X4,500 tonnes
Salmones Camanchaca4,300 tonnes
Australis Seafoods3,200 tonnes