Brazil’s Trade Strength Offsets Financial Outflows in 2024 Currency Data

INSUBCONTINENT EXCLUSIVE:
The Central Bank of Brazil reports a positive balance of US$5.904 billion as of October 4.This figure contrasts with the net inflow of
US$11.491 billion recorded in 2023
The financial channel presents a different story, showing a net outflow of US$54.269 billion.This channel encompasses various financial
operations, including foreign direct investments and portfolio investments
US$60.172 billion in 2024
Imports stand at US$172.678 billion, while exports reach an impressive US$232.851 billion.The export figures include US$26.568 billion in
advance exchange contracts and US$56.864 billion in advance payments
Financial Outflows in 2024 Currency Data
(Photo Internet reproduction)The financial channel experienced an outflow of US$1.791 billion during this period
However, the trade balance remained positive at US$1.096 billion.The weekly snapshot from September 30 to October 4 shows a negative flow of
US$278 million
The financial channel saw a net outflow of US$2.330 billion.Yet, the trade balance remained resilient with a positive US$2.052 billion
the ongoing challenges in the financial sector