World Economy

Asia's Export Surge Lifts Freight Demand as AI Investment Ripples Through Supply Chain

Strong economic growth across Asia is driving sustained freight expansion as artificial intelligence investment accelerates demand for electronics and semiconductors. Taiwan reported its fourth consecutive quarter of double-digit economic expansion, marking the longest stretch since 1987, while Philippine exports hit a five-year high fueled by global electronics orders and a weak peso. Air cargo demand climbed 7.7% in September compared with year-ago levels, outpacing capacity growth of 2.7% and lifting load factors. In Taiwan, domestic consumption is strengthening alongside the export-driven growth. Capacity constraints remain tight as demand continues to outstrip available cargo space, supporting rate environments across major trade lanes.