FX.co ★ Brazil's Current Account Gap Widens, Still Below Forecast

In February 2025, Brazil reported a current account deficit amounting to $8.8 billion, marking an increase from the $3.9 billion deficit recorded in the same month the previous year. This figure, however, was slightly less than the anticipated deficit of $9.1 billion. A noticeable change occurred in the trade balance, which transitioned to a deficit of approximately $1 billion, contrasting with a $4.4 billion surplus in February 2024. This shift resulted from a 25.7% surge in imports, coupled with a 1.8% decline in exports. Meanwhile, the services deficit experienced a slight rise to $3.9 billion, up from $3.8 billion. Conversely, the primary income deficit narrowed to $4.1 billion from $4.6 billion, whereas the secondary income surplus remained largely unchanged at $0.2 billion.