Mexico Remittances Drop 12.1% in April vs Last Year
A few datapoints to keep on a post-it note as things progress; starting with a rather significant new release that I think you will find interesting.
Approximately 12.3 million Mexicans live abroad, both legally and illegally, with 97% of them living and working in the United States, according to BBVA Research. Last year Mexicans living abroad sent $64.75 billion back home in remittances, largely from Texas and California to states in central and western Mexico.
According to data just released, in April of this year remittances back to Mexico dropped 12.1%. The Mexico central bank said April saw 8.1% fewer transactions than a year earlier, that’s down to 12.4 million transactions. For Mexico this could be a devastating trend. [Sidenote: Remember, Trump is likely planning a complete overhaul of the USMCA later this year.]
MEXICO CITY (Reuters) -Remittances sent to Mexico slumped 12.1% in April compared to a year earlier, according to central bank data published on Monday, marking the steepest drop in over a decade as U.S. lawmakers mull a tax on such payments sent abroad.
The world’s second-largest recipient of remittances, Mexico receives these payments chiefly from migrants working in the neighboring United States. In April, Mexicans abroad sent fewer transactions and smaller payments, totaling $4.76 billion.
Analysts said the slump likely resulted from a broad crackdown on migration in the U.S. since President Donald Trump came to power in January, as authorities revoke some Biden-era protections and increase raids across the country.
The latest data marks the steepest year-on-year drop since September 2012, according to central bank data.
https://theconservativetreehouse.com/blog/2025/06/02/mexico-remittances-drop-12-1-in-april-vs-last-year/