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Yugoslavia: Trading Partners
Country Study > Chapter 3 > The Economy > Foreign Trade > Trading Partners

TRADING PARTNERS


Yugoslavia's trade policy followed the complete realignment of its foreign policy after expulsion from the Cominform in 1948. By the 1960s, structural reform and entry into the international market had broken down many economic and social barriers between Yugoslavia and the outside world. Although the Soviet Union remained Yugoslavia's largest trading partner throughout the 1980s, the emergence in 1986 of West Germany as Yugoslavia's top source of imports typified increased emphasis on trade with Western Europe. Beginning in the 1980s, Yugoslavia traded with developing countries more selectively than it had in previous decades, when the Yugoslav economy was more able to absorb the commercial losses associated with such ventures.

Yugoslavia's growing trade deficit greatly influenced its trade with Western industrialized nations in the 1980s. Many measures were adopted to cut all but essential imports from the West and encourage import-substituting domestic industries. But the import of expensive Western technology often was a prerequisite for establishing such industries. On the export side, over half of Yugoslav exports still went to the East European members of the Council for Mutual Economic Assistancepaid hard currency for Yugoslav goods.

Data as of December 1990




Last Updated: December 1990


Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Yugoslavia was first published in 1990. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.

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Section 113 of 208






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