# Brazil sees second-largest dollar outflow ever

> Brazil recorded a net financial outflow of $20.8 billion in the first four months of 2024, the second-worst since records began in 1982, while the trade surplus reached $27.6 billion. The mismatch dashed hopes for a stronger real.

- Date: 2024-05-14 · published 2024-05-14T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/30477-brazil-sees-second-largest-dollar-outflow-ever
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Capital outflows pressure the real weaker, which supports Brazilian farm export competitiveness and tends to weigh on dollar-denominated soy and corn prices.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-06-28 | [How a Rising U.S. Dollar Puts Argentina's and Brazil's Economies at Risk](https://feedsoft.ai/events/64805-how-a-rising-u-s-dollar-puts-argentina-s-and-brazil-s-economies-at-risk.md) | +1.8% | -3.2% |
| USDBRL | 2025-12-23 | [Real slides on election fears, seasonal dollar outflows](https://feedsoft.ai/events/21717-real-slides-on-election-fears-seasonal-dollar-outflows.md) | -1.4% | -5.0% |
| USDBRL | 2017-02-23 | [Stellar Brazil Bond Trade Closing Fast](https://feedsoft.ai/events/72691-stellar-brazil-bond-trade-closing-fast.md) | +0.8% | +0.3% |
| USDBRL | 2022-11-10 | [EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness](https://feedsoft.ai/events/38888-emerging-markets-brazil-s-real-sinks-4-other-fx-rally-on-dollar-weakness.md) | +6.0% | +1.7% |
| USDBRL | 2026-10-26 | [Euro falls against dollar; Brazilian real tumbles after Lula election win](https://feedsoft.ai/events/17282-euro-falls-against-dollar-brazilian-real-tumbles-after-lula-election-win.md) | +7.6% | — |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/economy/news/2024/05/14/brazil-sees-second-largest-dollar-outflow-ever.ghtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.