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"one-third of the amount" is correct and usable in written English.
It is used to indicate a fraction or portion of the total amount. Example: "I am willing to pay one-third of the amount for the new car, but can we negotiate the remaining balance?".
Exact(21)
Amazon Video, on the other hand, has approximately one-third of the amount of selections of Netflix (when it comes to the streaming service; they have hundreds of thousands of titles for customers to rent or purchase), containing many of the titles Netflix already has.
On average, the team's players earned less than one-third of the amount earned by the New York Yankees – yet won the same number of games the Yankees did in the 2002 regular season.
Legal experts said Mr. Grimes might receive about one-third of the amount awarded, although the details of his arrangement with Mr. King have not been made public.
The Mediterranean Sea receives from the rivers that flow into it only about one-third of the amount of water that it loses by evaporation.
"In most cases, the coaches of women's basketball teams earn about one-half or one-third of the amount of the men's basketball coach".
That is only one-third of the amount controlled by a single American firm, Freeport, as operator of Congo's huge Tenke Fungurume mine.
Similar(39)
"Don't pay more than one-third of the total amount upfront," he said, adding that the balance should be paid only as work progresses.
In recent months, the balanced and flexible fund categories have taken in a little more than one-third of the total amount of cash flowing into bond funds.
All told, more than $1.3 trillion of unused credit lines was pulled in over the last three years, or nearly one-third of the total amount of credit available, according to Foresight Analytics research.
The list of countries includes many long standing or so-called "silent" emergencies, but the crisis in Somalia and in other countries in the Horn of Africa accounts for nearly one-third of the total amount.
In the past, plaintiffs' lawyers received 20 percent to one-third of the settlement amount.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com