Brazil’s current account deficit shrank to $5.1 billion in September 2026 from $8.8 billion a year earlier and largely in line with market forecasts of $5 billion. The trade surplus increased to US$6.9 billion from US$2.5 billion in September 2025, as exports rose 12.9% year-on-year to US$34.6 billion, while imports fell 1.7% to $27.7 billion. Meanwhile, the services account deficit widened to $5.2 billion from $4.8 billion a year ago, driven by higher transportation, equipment rental and intellectual property expenses. The primary income deficit edged up to $7.2 billion from US$6.9 billion, driven by a 13.9% surge in net expenses on profits and dividends.