Brazil’s external accounts had a negative balance in June of US $ 5.131 billion, the Central Bank (BC) said on Friday (25). In the same month of 2024, the deficit was $ 3.368 billion in current transactions, which are purchases and sales of goods and services and income transfers with other countries.
The worsening of interannual comparison is a result of the retreat of US $ 375 million in commercial surplus and increased primary income deficits (interest and profit payment and dividends of companies) and services, at US $ 1.3 billion and US $ 159 million, respectively. On the other hand, the secondary income surplus rose US $ 33 million.
In 12 months closed in June, the current transactions deficit totaled US $ 73.135 billion, 3.42% of Gross Domestic Product (GDP, sum of goods and services produced in the country). Regarding the equivalent period finished in June 2024, there was a significant increase in the deficit, with the result in 12 months negative at US $ 28.893 billion (1.28% of GDP).
According to the BC, current transactions have a very robust scenario and had a tendency to reduce deficits in 12 months, which was reversed from March 2024. Still, the external deficit is funded by long -term capital, especially direct investments in the country, which have good quality flows and stocks.
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Trade Balance and Services
Exports of goods totaled US $ 29.285 billion in June, with an increase of 0.9% over the same month of 2024. Meanwhile, imports reached US $ 23.998 billion, with an increase of 2.8% compared to June last year. With the results of exports and imports, the trade balance closed with a surplus of US $ 5.287 billion last month, compared to the positive balance of US $ 5.661 billion in June 2024.
The service account deficit – international travel, transportation, equipment and insurance rental, among others – reached US $ 4.518 billion last month, compared to US $ 4.358 billion in the same period of 2024.
Net expenses with telecommunication, computing and information services increased by 24.6%, totaling US $ 623 million; 22.8% in intellectual property (US $ 968 million), linked to streaming services; 7.8% in equipment rental (US $ 1 billion), associated with companies’ investments; and 8% in transport (US $ 1.2 billion), the result of increases in the trade current and the price of international freight.
In the case of international trips, in June, the account deficit closed up 17%, reaching US $ 1.3 billion, resulting from US $ 539 million in revenues – which are the spending of foreigners traveling to Brazil – and US $ 1.832 billion in Brazilian expense abroad.
Lace
In June 2025, the primary income deficit – profits and dividends, interest and salary payments – reached US $ 6.202 billion, 25.5% above that recorded in June last year of US $ 4.940 billion. Normally, this account is deficient, as there are more investments from foreigners in Brazil – and they refer profits outside the country – than from Brazilians abroad.
The secondary income bill – generated in one economy and distributed to another, such as donations and shipments of dollars, with no counterpart of services or goods – had a positive reserve of US $ 302 million last month, against surplus US $ 269 million in June 2024.
Financing
Direct investments in the country (IDP) totaled US $ 2.810 billion in June this year, from US $ 6.269 billion in the same month of 2024. When the country registers a negative balance in current transactions, it needs to cover the deficit with investments or loans abroad. The best form of negative balance financing is IDP, because resources are applied in the productive sector and are usually long -term investments.
IDP accumulated in 12 months totaled US $ 67.017 billion (3.14% of GDP) in June, compared to US $ 70.476 billion (3.31% of GDP) in the previous month and US $ 64.917 billion (2.87% of GDP) in the period closed in June 2024.
In the case of portfolio investments in the domestic market, there was a net entry of US $ 2.326 billion in June, consisting of net entrances of US $ 4.560 billion in debt securities and net exits of US $ 2.234 billion in investment funds and funds. In the 12 months closed in June, investments in a portfolio in the domestic market totaled net tickets of US $ 4.1 billion.
The stock of international reserves reached US $ 344.440 billion in June, an increase of US $ 2.981 billion compared to the previous month.
Revision
This month, the Central Branco presented the Ordinary Review of Balance of Payments and International Investment Positionwith the incorporation of the results of the Research of Brazilian capital abroad (CBE).
The 2024 payment balance sheet review resulted in a reduction in the $ 3.3 billion current transactions deficit from US $ 61.2 billion (2.81% of GDP) to US $ 57.9 billion (2.66% of GDP) in the year.
