Brazil’s current account deficit widened to $5.06 billion in August 2026, from $3.78 billion a year earlier, well above market expectations for a $4.9 billion shortfall. The services deficit widened 28.2% to $5.3 billion, largely due to higher net transportation expenses (28.3%), intellectual property costs (52.4%), telecommunications, computing and information services (128.2%), and equipment rental (6.6%). The primary income deficit also widened to $7 billion, driven by higher expenses on profits and dividends. In contrast, the goods trade surplus widened to $6.6 billion, as exports rose 12.1% year-on-year, outpacing 9.4% growth in imports.