Remittances fall in April to $4.978 billion, but maintain annual increase of 3.7%

Remittances from Mexicans abroad, primarily from the United States, saw a notable decrease in April, falling below the $5 billion mark. Banco de México reported that these flows amounted to $4.978 billion, a 9.47% drop from the previous month's $5.499 billion.

However, when compared to April 2025, the figures show a positive annual growth of 3.7%. This annual increase is higher than the growth recorded in the same period last year, according to data from the central bank.

The monthly decline is linked to a reduction in the number of money transfer operations, which decreased from 13.3 million in March to 12.3 million in April. Additionally, the average amount sent per remittance slightly decreased from $412 in March to $403 in April.

Even remittances sent in cash and in kind saw a reduction in their average amount, dropping from $452 in March to $374 in April. Electronic transfers remain the dominant method, accounting for 99.1% of total remittance income, totaling $19.505 billion from January to April.

Cumulatively, from January to April, remittances reached $19.676 billion, surpassing the $19.181 billion recorded in the first four months of 2025. This period in 2025 had seen an annual expansion of 2.6%.