FX.co ★ Brazil Current Account Gap Narrows in October

In October 2025, Brazil's current account deficit decreased to USD 5.1 billion, compared to USD 7.4 billion in the same month the previous year. This improvement was driven primarily by the expansion of the goods trade surplus, which increased to USD 6.2 billion from USD 3.2 billion. This occurred as exports rose by 8.9%, reaching USD 32.1 billion, while imports declined by 1.3%, amounting to USD 25.9 billion. The services deficit remained constant at USD 4.4 billion. However, the primary income deficit saw a 12.7% increase, climbing to USD 7.4 billion, while secondary income remained unchanged. Over the twelve months leading up to October, the current account deficit was USD 76.7 billion (equivalent to 3.48% of GDP), a slight decrease from USD 79.0 billion (3.61% of GDP) recorded in September, although it was still higher than the USD 57.3 billion (2.57% of GDP) noted a year earlier.