FX.co ★ Brazil Current Account Gap Larger than Expected

Brazil’s current account deficit widened to $1.8 billion in April 2026, up from $1.6 billion in the same month a year earlier and exceeding market expectations for a $0.2 billion shortfall.

The services deficit expanded to $5.0 billion from $4.1 billion in April 2025, largely reflecting higher expenditure on overseas travel, telecommunications and IT services, and equipment rentals.

Meanwhile, the primary income deficit increased to $6.8 billion from $5.0 billion, as net profit and dividend payments rose to $4.6 billion from $3.4 billion a year earlier, and net interest expenses climbed to $2.3 billion from $1.7 billion.

By contrast, the trade surplus widened to $9.7 billion from $7.0 billion a year before, supported by a 13.9% surge in exports that outpaced a 6.2% rise in imports.

The secondary income surplus edged down slightly to $0.4 billion from $0.5 billion.