External accounts close May with a surplus of US$ 649 million

The Brazilian balance of payments closed the month of May with a surplus of US$ 649 million, according to Central Bank data released this Monday morning (26). It was the best result since the same month of 2021, when accounts closed in the blue at US$ 1.9 billion.

The May 2023 result also reversed a US$4.6 billion deficit recorded in the same month last year (see full text). In the last twelve months, current transactions add up to a deficit of US$ 48.5 billion, against US$ 53.8 billion in the previous month and US$ 51.2 billion in May 2022.

Goods exports totaled US$ 33.3 billion in the period, an increase of 11.2% in the interannual comparison. Imports of goods decreased 11.3% on the same basis of comparison, totaling US$ 23.6 billion.

Brazilian international reserves totaled US$ 343.5 billion in May, with a drop of US$ 2.2 billion compared to April due to the “negative contributions of price and parity variations”, according to the monetary authority.

“Contributing to raising the stock of international reserves, there was a net return of US$ 1.0 billion in operations with repurchase lines, and interest income that totaled US$ 635 million”, completed the Central Bank.