Brazil’s current account shortfall rose to $1.8 billion in April 2026 from $1.6 billion in the same month of the previous year, larger than the expected 0.2 billion deficit. The services gap widened to $5.0 billion from $4.1 billion in April 2025, mainly driven by higher spending on travel abroad, telecom and IT services, and equipment rentals. At the same time, the primary income shortfall rose to $6.8 billion from $5 billion, as net expenses for profits and dividends rose to $4.6 billion from $3.4 billion a year earlier, while net interest expenses increased to $2.3 billion from $1.7 billion. On the other hand, the trade surplus increased to $9.7 billion from $7 billion a year ago, as exports jumped 13.9% while imports rose at a slower 6.2%. The secondary income surplus decreased slightly to $0.4 billion from $0.5 billion.

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