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Brazil: Current account deficit widens in June
Latest reading: The current account posted a USD 5.1 billion deficit in June, deteriorating from the USD 3.4 billion deficit booked in May (June 2024: USD 3.4 billion shortfall). Meanwhile, in the 12 months leading up to June, the current account posted a USD 73.1 billion deficit, compared to the USD 71.4 billion deficit clocked in May.
The merchandise trade balance worsened from the previous month, recording a USD 5.9 billion surplus in June (May 2025: USD 7.0 billion surplus) and undershooting market expectations. Merchandise exports rose 1.4% annually in June (May: -0.8% year on year). Meanwhile, merchandise imports expanded 3.8% over the same month last year in June (May: +4.7% yoy).
