Brazil: Current account records smaller deficit in September
Latest reading: The current account posted a USD 6.5 billion deficit in September, improving from the USD 6.9 billion deficit posted in August (September 2023: USD 0.3 billion surplus). Meanwhile, the 12-month trailing current account deficit , coming in at USD 45.8 billion in September (August: USD 39.0 billion deficit).
The merchandise trade balance improved from the previous month, recording a USD 5.4 billion surplus in September (August 2024: USD 4.5 billion surplus). Merchandise exports were broadly stable rising just 0.3% on an annual basis in September (August: -7.6% year on year). Meanwhile, merchandise imports soared 19.9% over the same month last year in September (August: +12.9% yoy), marking the strongest result since September 2022.