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RIO DE JANEIRO, BRAZIL – The current state of Argentina’s economy, and President Cristina Kirchner’s political leadership of the country, are affecting Brazilian exports even more than the financial crisis in Europe. Total exports dropped by R$12.3 billion (US$6.1 billion) year-on-year during the second quarter of 2012, with the slump in Argentinian demand for Brazilian products accounting for 32 percent of the decrease - just under US$2 billion, figures show.

European Union countries have been buying 27 percent less, equal to US$1.67 billion in missed sales for Brazil.

Demand has been . . .

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