FX.co ★ Brazil Current Account Deficit Widens in June

Brazil saw its current account deficit expand to USD 5.1 billion in June 2025, compared to USD 3.4 billion in the same month of the previous year. This increase was largely due to a decline in both trade and income balances. The goods trade surplus diminished to USD 5.3 billion from the previous USD 5.7 billion seen in June 2024. This change occurred as exports edged up by 0.9% to USD 29.3 billion, whereas imports rose by 2.8% to USD 24 billion. The services sector recorded a deficit of USD 4.5 billion, which was marginally higher than the USD 4.4 billion deficit from the same period last year. Additionally, the primary income deficit escalated significantly to USD 6.2 billion, reflecting a 25.5% increase from USD 4.9 billion in June 2024. On the brighter side, the secondary income surplus saw a modest rise of USD 33 million. Analyzing the statistics over a 12-month period ending in June, the current account deficit swelled to USD 73.1 billion, representing 3.42% of GDP. This was an increase from USD 71.4 billion (3.35%) in May and USD 28.9 billion (1.28%) in June of the preceding year.