Mexico Remittances Grow 3.7% Annually Amid Resilient Flows

Remittances to Mexico showed resilience in April, growing 3.7% year-on-year to reach $4.978 billion, according to data from the Bank of Mexico (Banxico). This marks the third consecutive month of annual increases, underscoring the sustained flow of funds from Mexicans working abroad despite evolving U.S. immigration policies.

While remittances saw a monthly dip of 9.47% from March, falling below the $5 billion mark, the annual comparison highlights a positive trend. In April, remittances were up from the previous year, contrasting with a significant decline observed in the same month of 2025. This recovery is partly attributed to an increase in the number of transactions, with Mexicans making 13.3 million transfers in April, nearing pre-crackdown levels.

The average amount sent per person also saw an increase, rising from $385 to $403 compared to April of the previous year. Electronic transfers dominated these flows, accounting for 99.1% of the total value. Cash and money orders represented smaller portions of the remittances.

Cumulatively, from January to April, remittances totaled $19.676 billion, surpassing the $19.181 billion received in the same period of 2025. Analysts note that despite challenging conditions for undocumented migrants in the U.S., these flows have maintained a positive trajectory. Some suggest that anti-migrant policies under the Trump administration may disproportionately affect Mexican migrants, potentially creating opportunities for individuals from other Latin American countries to fill labor gaps.