Current account deficit widens in May

Latest reading: The current account posted a USD 2.9 billion deficit in May, deteriorating from the USD 1.9 billion deficit booked in April (May 2024: USD 2.5 billion deficit). Meanwhile, in the 12 months leading up to May, the current account posted a USD 69.4 billion deficit, widening from the USD 69.0 billion deficit clocked in April. The merchandise trade surplus narrowed from the previous month and undershot market expectations in May, recording a USD 7.2 billion surplus (April 2025: USD 7.6 billion surplus). Merchandise exports were broadly stable, falling just 0.1% annually in May (April: -1.4% year on year). Meanwhile, merchandise imports increased 4.7% over the same month last year in May (April: +1.7% yoy).

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.