Last March, Mexico received a total of 5 billion 150 million dollars in remittances, which represents a 2.7% increase compared to the same month of the previous year. This volume is the highest recorded so far this year, marking a significant boost after the decline observed in February, according to data from the Bank of Mexico (Banxico).
Analyst Gabriela Siller from Banco Base mentioned that this rebound in remittances occurred after four consecutive months of decline, although the annual growth remains low, standing at 2.71%. In March, there were 13.4 million transactions, with an average remittance of 383 dollars, which meant annual increases of 2.4% and 0.3%, respectively.
In monthly terms, remittances increased by 15.5% in March, reaching a total of 14 billion 269 million dollars in the first quarter of the year, a record figure that reflected a 1.3% increase. In the last twelve months up to March 2025, the accumulated flow of remittance income amounted to 64 billion 933 million dollars, a figure higher than that recorded last February.
On the other hand, remittances sent abroad from Mexico totaled 91 million dollars in March, originating from 255 thousand operations, with an average remittance of 358 dollars. These flows showed an annual decrease of 25.2%, attributed to reductions in both the number of transfers and the average value of remittances.
According to an analysis from the Center for Latin American Monetary Studies (CEMLA), a significant portion of the remittances received in Mexico comes from Mexican migrants sending money to family members in small localities across the country. The analysis based on the National Survey of Financial Inclusion (ENIF) 2024 revealed that 1.5 million of the 4 million 495 thousand 526 remittance-receiving households identified resided in localities with fewer than 2,500 inhabitants, which represented 34.5% of the total.
