Exploring Current Economic Relations between Serbia and Russia

Abstract

The character of the structure of Exchange with Russia is also    reflected in the analysis of the coefficients of intra-industrial trade between Serbia   and Russia in the observed period. The Grubel-Lloyd's (standard) index for the observed period will be calculated. Otherwise, the coefficient of intra-industrial exchange shows how much exchange is done between products of the same statistical nomenclature (in our case, three-digit SITC). Developing countries have a low level of intra-industrial trade, ie inter-industrial trade, which is mainly reduced to the exchange of products belonging to different commodity groups. In the so-called countries in transition, this indicator increased significantly during the 1990s, which indicates positive changes in their foreign trade commodity structure.