In comparison, the value recorded in 2023 was US$24.516 billion; data were released this Friday (24) by the Central Bank
Brazil’s external accounts presented a negative balance of US$55.966 billion in 2024, which corresponds to 2.55% of the Gross Domestic Product (), according to what was released by the Central Bank this Friday (24). In comparison, the deficit recorded in 2023 was US$24.516 billion, representing 1.12% of GDP. This is the biggest gap since 2019. This deterioration in external accounts is attributed to the increase in demand for imported products and services, in addition to a significant drop of US$26.1 billion in the trade surplus, driven by the growth in imports.
With regard to exports, Brazil reached a total of US$339.847 billion, which represents a slight drop of 1.2% compared to the previous year. On the other hand, imports increased to US$273.629 billion, reflecting growth of 8.8%. The trade balance, which is the difference between exports and imports, recorded a surplus of US$66.218 billion, lower than the surplus of US$92.275 billion observed in 2023.
The deficit in the services account also increased significantly, reaching US$49.707 billion, which represents a growth of 24.7% compared to the previous year. Furthermore, the deficit in primary income was US$75.403 billion, showing a reduction of 5.1% compared to 2023. The secondary income account, in turn, had a positive result of US$2.925 billion.
Direct investments in Brazil showed a positive performance, with an increase of 13.8%, totaling US$71.070 billion in 2024. At the end of the year, the country’s stock of international reserves was US$329.730 billion, reflecting a relatively stable amid fluctuations in external accounts.
*Report produced with the help of AI
Published by Fernando Dias
