Brazil’s current account surplus continues to rise

The Brazilian trade balance registered a US$4.2 billion surplus in August, slightly above financial market estimates.

The result is formed by exports (US$30.8 billion) minus imports in foreign trade (US$26.7 billion).

The Ministry of Economy released the data on Thursday, September 1.

The August surplus is 48% lower than the one registered in the same month of 2021, totaling US$7.7 billion.

On the other hand, the current account (sum of imports and exports) expanded 17.6% compared to the same period last year. It stood at US$57.5 billion against US$46.8 billion.

In the year’s accumulated, the Brazilian trade balance presents a positive balance of US$44.1 billion.

With information from Poder360

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