Brasília – Brazil’s current accounts recorded a deficit of USD 2.4 billion in February. In February 2021, the deficit was USD 4 billion in current accounts, which is the sum of the balance of trade, net income from abroad, and net current transfers.
The 12-month current-account deficit reached USD 26.1 billion in February, equal to 1.59% of gross domestic product (GD), versus 1.71% of GDP (USD 27.7 billion) reported for the previous month and 1.49% (USD 21 billion) reported from February 2021.
The trade balance posted a surplus of USD 3.5 billion in February 2022, from a USD 357 million deficit in February 2021. Exports amounted to USD 23.7 billion and imports grossed USD 20.2 billion, up 43.6% and 19.8% from a year earlier.
Net expenditure posted in the international travel account stood at USD 445 million, from USD 28 million in February 2021. Direct investments abroad saw net applications of USD 2.5 billion.
Translated by Guilherme Miranda
