RIO DE JANEIRO, BRAZIL - The worsening economic crisis in Argentina has caused Brazilian exports to the neighboring country to fall by 39.7 percent this year.
According to Herlon Brandão, Undersecretary of Intelligence and Foreign Trade Statistics, this contributed to a reduction in Brazil's total manufacturing sales, which fell 25.8 percent in August and 9.5 percent for the year.
Argentina represents Brazil’s fourth-largest export and import market. The country's top imports from Brazil are cars, vehicle parts, petroleum gas, and refined petroleum.
In August, Brazil's trade balance posted a US$3.284 . . .
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