Brazil's current account deficit narrowed to $2.33 billion in June 2026 from $5.18 billion in the same month a year earlier, beating market expectations of a $2.45 billion shortfall. The improvement was largely driven by a stronger trade balance, with the surplus widening by $3.6 billion to $8.8 billion as goods exports surged 24.8% year-on-year to a record $36.4 billion, while imports rose 15.3% to $27.6 billion. Primary and secondary income balances were broadly unchanged from a year earlier, with the primary income deficit holding at $6.5 billion and the secondary income surplus edging up to $438 million. Meanwhile, the services deficit widened by $0.7 billion to $5.1 billion, reflecting higher net spending on international travel (21%), transportation (22.4%), and telecommunications, computing, and information services (16.9%).