Brazil Current Account Gap Shrinks 42% YoY in September

2026-10-26 11:53 By Luisa Carvalho 1 min. read

Brazil’s current account deficit shrank to $5.1 billion in September 2026 from $8.8 billion a year earlier and compared with market forecasts of $5 billion.

The trade surplus jumped to $6.9 billion from $2.5 billion in September 2025, as exports surged by 12.9% yoy to $34.6 billion, while imports fell 1.7% to $27.7 billion.

As a net oil exporter, Brazil likely benefited from higher oil prices.

Meanwhile, the services account deficit widened to $5.2 billion from $4.8 billion a year ago, driven by higher transportation, equipment rental and intellectual property expenses.

The primary income deficit increased slightly to $7.2 billion from $6.9 billion, as a 13.9% increase in net profit and dividend expenses outweighed a 12.2% decline in net interest expenses.

The secondary income surplus went up to $0.48 billion from $0.39 billion.

Over the 12 months to September, the country posted a current account shortfall of $49.3 billion, down from $56.7 billion in the same period a year ago.



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Brazil Current Account Gap Shrinks 42% YoY in September
Brazil’s current account deficit shrank to $5.1 billion in September 2026 from $8.8 billion a year earlier and compared with market forecasts of $5 billion. The trade surplus jumped to $6.9 billion from $2.5 billion in September 2025, as exports surged by 12.9% yoy to $34.6 billion, while imports fell 1.7% to $27.7 billion. As a net oil exporter, Brazil likely benefited from higher oil prices. Meanwhile, the services account deficit widened to $5.2 billion from $4.8 billion a year ago, driven by higher transportation, equipment rental and intellectual property expenses. The primary income deficit increased slightly to $7.2 billion from $6.9 billion, as a 13.9% increase in net profit and dividend expenses outweighed a 12.2% decline in net interest expenses. The secondary income surplus went up to $0.48 billion from $0.39 billion. Over the 12 months to September, the country posted a current account shortfall of $49.3 billion, down from $56.7 billion in the same period a year ago.
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