Overview
- Banco de México reports $45.68 billion in remittances through Q3 2025, down 45.6% versus the record pace in the first nine months of 2023.
- Sonora’s receipts fell 17% year over year in Q3 to $180.37 million, with January–September totaling $533.1 million, about 16% lower than the same period in 2024.
- Despite the annual decline, Sonora saw a 3.2% quarter‑over‑quarter uptick in Q3, indicating only a modest intra‑year rebound from Q2.
- Hermosillo accounts for 31% of Sonora’s remittances, and economist Luis Núñez Noriega warns the city is most exposed to the drop.
- Banxico notes fewer transfers and a lower average amount per transfer, while Quintana Roo received $260 million in January–September, a 14% decline year over year.