Brasília – Brazil’s external accounts had a positive balance of USD 1.684 billion in August, informed this Friday (25) the Brazilian Central Bank (BC). In the same month of 2020, the surplus was USD 950 million in current transactions, which are purchases and sales of goods and services and income transfers with other countries. The result is the best for the month since 2006 when the external accounts had a surplus of USD 2.1 billion.
According to the head of the Central Bank’s Statistics Department, Fernando Rocha, the result is due to the increase in the trade surplus. “The trade balance has thrived, both in exports and in imports,” he said. In the first eight months of the year, the deficit is USD 6.539 billion, against a negative balance of USD 12.957 billion from January to August last year.
Among the areas most impacting the accounts, the trade balance had a surplus of USD 5.648 billion last month. The deficit in the services sector (international travel, transportation, equipment rental, insurance, among others) had a negative balance of USD 1.577 billion. The deficit in primary income (profits and dividends, interest payments, and wages) reached USD 2.601 billion. Net inflows from direct investments totaled USD 4.451 billion.
Translated by Elúsio Brasileiro
