AI-fueled tech export surge lifts Asian economies

Strong demand for artificial intelligence is driving a rapid expansion of technology exports across Asia, according to a S&P Global Ratings report released on 24 June. The surge benefits high‑tech manufacturing hubs—including China, South Korea, Vietnam, Singapore, Malaysia, Thailand and Japan—where export values rose sharply, with South Korean shipments up 31.6% and Taiwan‑region (China) shipments up 17.4% in April 2026 versus April 2024. The increase stems mainly from higher prices rather than larger volumes, bolstering trade balances even as energy import costs climb.

Southeast Asian economies are seeing balanced growth: robust electronics activity, steady domestic demand, and pressure from energy costs, alongside rising investment in data centres and capital spending. S&P kept its 2026 basic‑GDP growth forecast for the Asia‑Pacific region (excluding China) at 4.5% and projects 4.4% for 2027, while slightly lowering growth expectations for the Philippines.

Overall, the AI‑driven export boom is emerging as a key growth engine for the region, offsetting adverse energy shocks and shaping near‑term economic outlooks.