The Trump administration’s crackdown on illegal immigration is playing a role in the sharpest decline in monthly remittances to Mexico in more than a decade, analysts say.
According to numbers released this month from the Bank of Mexico (Banxico), income from remittances abroad stood at $5.2 billion in June, a 16.2 percent decrease compared to June 2024.
That represents the largest drop in 13 years, according to a report from BBVA, which conducts economic research.
Remittances in 2024 represented approximately 3.4 percent of Mexico’s GDP, according to the World Bank.
Remittances are money earned in the United States that is transferred to individuals such as relatives, friends, or business associates abroad. Ninety-nine percent of the remittances sent in the first half of 2025 were made through electronic funds transfers, the BBVA report says….
Money Wired to Mexico Hits a Decade Low as US Immigration Policies Take Hold
