The sending of remittances fell in October, Banxico announced, making it seven consecutive months of declines; In the January-October period it has decreased 5.1% annually.
Mexico City, December 1 (However).– The sending remittances from United States (EU) a Mexico has fallen in October for the seventh consecutive month this year, reported the Bank of Mexico (Banxico)besieged by anti-migrant policies of the President Donald Trumpin addition to his tariff warwhile in the accumulated of the first 10 months of 2025 the remittances have fallen 5.1 percent annually.
The income from remittances from abroad stood at five thousand 635 million dollars (mdd) in October 2025, which implied an annual decrease of 1.7 percent this month, according to Banxico.
Furthermore, Banxico reported in a statementremittances sent by residents in Mexico abroad registered an annual contraction of eight percent, presenting a level of 98 million dollars, so the surplus of Mexico’s remittance account with the rest of the world was five thousand 537 million dollars, less than the five thousand 624 million dollars that was observed in October 2024.
With seasonally adjusted series, in October of this year, remittance receipts showed a monthly increase of one percent, while expenditures showed a monthly decrease of 3.1 percent. “Thus, the surplus in the remittance account was five thousand 071 million dollars, which compares to five thousand 018 million dollars in the previous September,” Banxico said.
The amount of the #remittances sent to Mexico during October 2025 was 5,635 million dollars. Check the details here: pic.twitter.com/kBaAYUQdyz
— Bank of Mexico (@Banxico) December 1, 2025
With respect to the first 10 months of the year, the value of remittance income stood at 51,344 million dollars, lower than the 54,090 million dollars reported in the same period of 2024 and which represented an annual decline of 5.1 percent.
“In the period January-October 2025, 99.1 percent of total remittance income was made through electronic transfers, totaling 50,883 million dollars. For its part, remittances made in cash and in kind, and money orders “represented 0.7 and 0.2 percent of the total amount, respectively, reaching levels of 350 and 111 million dollars, in the same order,” Banxico said.
Expenditures from remittances registered a level of 970 million dollars in the first 10 months of 2025, an amount lower than the 1,105 million dollars observed in the same period of 2024 and which implied an annual reduction of 12.2 percent. With these results, the surplus balance of the remittance account during the period January-October 2025 stood at 50,374 million dollars, a figure lower than the 52,986 million dollars for the same period in 2024 and which represented an annual drop of 4.9 percent.
In the last 12 months, from November 2024 to October 2025, the accumulated flow of remittance income was 62 billion dollars, similar to the amount registered last September of 62,096 million dollars, in the period from October 2024 to September 2025.
With respect to remittances sent abroad, the accumulated value in the last 12 months (from November 2024 to October 2025) was 1,173 million dollars, which compares with the flow observed in the previous September of 1,182 million dollars, in the period from October 2024 to September 2025.
The surplus of the remittance account for the last 12 months (from November 2024 to October 2025) was 60,827 million dollars, which compares with the accumulated 12-month balance of last September of 60,914 million dollars, in the period from October 2024 to September 2025.
The US gets tougher: it will review remittances
Aligned with the policy of eradicating the immigration phenomenon in the United States (US), Scott Bessent, Secretary of the Treasury, announced that the Trump government will cut tax benefits for foreigners lacking regular status and will also increase the review of the remittances they send to their countries of origin.
The goal is to exclude migrants and “other non-qualifying aliens” from the refundable portions of tax credits such as the earned income tax credit, the additional child credit, the “American Opportunity” credit, and the savings account contribution credit.
This position arises as a result of President Trump’s order to stop migration “from all third world countries”, as he affirms that this way the government’s finances will be able to get rid of a heavy burden.
The remittances, according to Bessent, will be subject to a thorough review aimed at detecting any “suspicious activity” and that is why he shared an alert issued by the Financial Crimes Enforcement Network (FinCEN).
Upon beginning his Presidency in January, Trump, the grandson of a German immigrant married to the Slovenian Melania Trump, focused his administration’s efforts on detaining and deporting thousands of migrants, most without criminal records, and even those who were legally residing in the United States. In this hunt, the authorities have not cared if there are children or entire families.
In the last nine months, different cases have become visible in which the Trump administration, with the help of the Immigration and Customs Enforcement Service, has deported or attempted to illegally repatriate migrants in the United States, even regardless of whether they include citizens of the American Union, among them there are children, migrant activists, refugees and even American citizens of Latin origin.
The almost four million undocumented Mexicans who live in the United States and send a large part of the total dollar remittances to their relatives who live in Mexico have had to consider new scenarios such as working more or keeping less of their salary.
Undocumented migrants will have to work harder to maintain the amount of dollars they send to their families in other countries or, failing that, families will begin to receive less money. This is just one of the consequences. However, the deep drop in shipments in the summer of 2025 speaks of the problems that countrymen have to overcome.
The post Sending remittances to Mexico falls 1.7% annually in October: Banxico appeared first on Veritas News.
