Inflow of dollars in Brazil in 2022 was the highest in ten years

The foreign exchange flow (the difference between the inflow and outflow of dollars from the country) closed 2022 in positive territory, marking the best annual result in a decade of foreign currency inflows in Brazil, even after strong outflows in December, showed data from the Bank Central released this Wednesday (4).

In the accumulated result for last year, Brazil registered a net inflow of US$ 9.574 billion at the contracted exchange rate, the largest surplus since 2012 (US$ 16.753 billion). In 2021, the foreign exchange flow had been positive by US$ 6.134 billion.

The commercial account closed 2022 with accumulated net inflows of US$ 34.288 billion, the highest since 2018, when it received US$ 47.740 billion. This figure more than offset the losses of US$ 24.714 billion suffered by the financial sector in the same period, its worst performance in two years (-US$ 51.173 billion in 2020).

In 2021, the commercial and financial segments had registered, respectively, a surplus of US$ 9.803 billion and a deficit of US$ 3.669 billion.

The result of the flow in 2022 came even after the deficit of US$ 12.482 billion registered in December by the contracted exchange rate, the worst performance for the month since 2019 (-US$ 17.612 billion) and compared to losses of US$ 9.946 billion in the same 2021 period.

It is common to have more intense outflows in the last month of the year, as financial institutions reorganize their portfolios.

Last month, there was a deficit of US$ 453 million on the trade side and US$ 12.029 billion on the financial account. A year earlier, the respective accounts had suffered losses of $691 million and $9.255 billion on a monthly basis.