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yesterday

Mexico Remittances Fall 5.7% in November, Eighth Straight Annual Drop

U.S. policy shifts raise barriers for migrants who send money home, with a new levy expected to push more senders toward electronic transfers.

Este cobro se aplicaría a los envíos hechos por indocumentados, inmigrantes con residencia permanente, visas de trabajo o amparados con cualquier beneficio migratorio
Los ingresos por remesas registraron una caída por octavo mes consecutivo en noviembre del 2025. Foto: Moisés Pablo, Cuartoscuro
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Overview

  • Inflows reached $5.125 billion in November 2025, down 5.7% from a year earlier, marking eight consecutive months of year-over-year declines, according to Banxico.
  • January–November receipts totaled $56.469 billion, a 5.1% decrease versus the same period in 2024, though levels remain high by historical standards.
  • The contraction was driven by a 7.9% drop in the number of transfers to 12.6 million, partly offset by a 2.4% rise in the average remittance to $406.
  • Electronic channels accounted for 99.1% of flows in the first 11 months, while outflows from Mexico were $91 million in November, a 1.2% annual decline.
  • Analysts cite tighter U.S. immigration enforcement and a softer labor market as headwinds; a new U.S. remittance tax is estimated to raise $9.969 billion through 2034, with BBVA estimating Mexican migrants could bear about $3 billion of that total.