Brazil's current account deficit narrowed to $5.6 billion in February 2026, down from $10.2 billion a year earlier, though slightly above forecasts of $5.4 billion. The goods trade balance swung to a $3.5 billion surplus from a $1.1 billion deficit, with exports rising 14.8% to $26.4 billion and imports falling 5.1% to $22.9 billion. The services deficit remained steady at $3.9 billion, as international travel spending surged 49.0% and intellectual property services jumped 46.8%, partially offset by lower transport costs (-18.0%) and telecom expenses (-4.6%). The primary income deficit edged up 2.1% to $5.6 billion, as profit and dividend outflows rose 13.6% while interest payments fell 19.8%. Over the 12-month period, the deficit fell to $63.4 billion (2.71% of GDP), down from $79.0 billion (3.67% of GDP) a year earlier.