Current account deficit narrows in April

Latest reading: The current account posted a USD 1.3 billion deficit in April, improving from the USD 2.6 billion deficit clocked in March (April 2024: USD 1.7 billion deficit). Meanwhile, the 12-month trailing current account deficit deteriorated, coming in at USD 68.5 billion in April (March: USD 68.9 billion deficit). The merchandise trade balance improved from the previous month, recording a USD 8.2 billion surplus in April (March 2025: USD 7.8 billion surplus); April’s trade balance surplus was the largest since May 2024, but still undershot market projections. Merchandise exports were broadly stable rising just 0.3% over the same month last year in April (March: +4.1% year on year). Meanwhile, merchandise imports climbed 1.6% on an annual basis in April (March: +2.6% yoy), marking the weakest result in 11 months.

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Brazilian merchandise exports projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Brazilian merchandise exports.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Brazilian merchandise exports projections.

Want to get access to the full dataset of Brazilian merchandise exports forecasts? Send an email to info@focus-economics.com.