Brazil had a US$ 822 million surplus in its current account in August. The figures appear in the Report on the Foreign Sector, released Wednesday, September 21, by the Central Bank.
The report calculates foreign currency inflows and outflows in the country’s current account, which encompasses all of the country’s foreign commercial and financial transactions.
According to the Central Bank, the main factor contributing to the surplus was the performance of the trade balance (exports minus imports), which registered a surplus of US$ 3.671 billion in August. With this result, the cumulative current account surplus so far this year climbed to US$ 8.698 billion.
Exports made up for the negative balance in the capital and financial account, which includes financial operations, transfers of funds abroad, and corporate profit remittances, as well as other operations. This area showed a deficit of US$ 1.288 billion.