The Brazilian current account registered a surplus of $1.397 billion in March, the best result for the month since 2005, mainly due to a strong performance of the trade balance.
The last time the current account was in surplus was in May 2016 ($1.186 billion).
The strong result for the current account was due to a surplus in the trade balance, which was $6,935 in March – an increase of 63.5% over the same period of last year.
At the same time, the service deficit decreased by 13.1% to 2,523 billion Dollars, mainly due to lower expenses of equipment and transportation.
In 12 months, the current account deficit fell to 1.10% of Gross Domestic Product (GDP), compared to 1.24% in February,