Trump Slams Remittances: Foreign currency remittances from Mexicans abroad fall to their lowest level in 13 years

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In April 2025, remittance income received by Mexico from abroad reached $4.761 billion, representing an annual drop of 12.1 percent, the largest decline since 2012, according to the monthly report from the Bank of Mexico (Banxico).

The decline is due to the Trump administration’s tightening of immigration policies in the United States (US), as well as an 8.1 percent reduction in the number of remittances and a 4.4 percent drop in the average amount, which was $385 per transaction.

Despite this, the country maintains a surplus in its remittance account, albeit declining: in April it was $4.661 billion, lower than the $5.301 billion in the same month in 2024.

In contrast, remittances sent from Mexico abroad also decreased: they were $100 million, representing a 15 percent annual contraction.

On a cumulative basis, between January and April of this year, Mexico received $19.015 billion in remittances, a 2.5 percent drop compared to the same period in 2024. Ninety-nine percent of these inflows came through electronic transfers.