Brazilian exports reached an all-time high in June, contributing to an improvement in the country’s external accounts.

According to statistics released on Tuesday (Jul. 28) by Brazil’s Central Bank, the current account deficit stood at USD 2.3 billion in June, less than half the USD 5.2 billion deficit recorded in June 2025.

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The reduction in the deficit was driven mainly by the performance of the trade balance. The trade surplus reached USD 8.8 billion in June this year, compared with USD 5.2 billion in the same month last year.

On a year-over-year basis, the trade surplus increased by USD 3.6 billion.

Exports of goods totaled USD 36.4 billion, the highest figure in the Central Bank’s historical series. This result represents a 24.8 percent increase compared with June 2025. Imports also rose, reaching USD 27.6 billion, a 15.3 percent increase over the same period.

Despite the improvement in the trade balance, the services account deficit increased by USD 0.7 billion compared with June last year, totaling USD 5.1 billion.

The result was primarily influenced by higher net expenditures on international travel, transportation, and telecommunications, computing, and information services.

In the 12-month period ending in June, the current account deficit totaled USD 61.4 billion, equivalent to 2.46 percent of gross domestic product (GDP). In June 2025, the cumulative deficit stood at USD 75.5 billion, or 3.52 percent of GDP.

Investments

Foreign direct investment (FDI) in the country recorded net inflows of USD 9.1 billion in June, compared with USD 3.1 billion in the same month last year. Over the 12-month period, cumulative FDI reached USD 89.3 billion, equivalent to 3.58 percent of GDP.

Portfolio investments, meanwhile, recorded a net outflow of USD 0.6 billion in the month. There was a net withdrawal of USD 2.2 billion from stocks and investment funds, partially offset by inflows of USD 1.6 billion into domestic securities.

Reserves

International reserves closed June at USD 367.6 billion, a decrease of USD 3.6 billion compared with May. According to the Central Bank, exchange rate fluctuations among the currencies that make up the reserves, as well as dollar sales in the spot market, contributed to the decline.