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First modification: 02/10/2026 - 16:08
A recent report from the Bank of Mexico warns that the shipment of dollars from abroad fell 4.6% last year to 61,791 million dollars. A stronger peso and higher unemployment in the United States influenced the result, according to analysts.
Although the Donald Trump Administration has tried to boost a weak dollar to encourage exports from the United States, on the other side of the border the perception is different: remittance shipments are decreasing considerably.
The amount of money sent to Mexico decreased in the first year of the Republican leader's second Presidency, ending 11 consecutive years of growth, revealed the Bank of Mexico (Banxico).
The amount received in 2025, slightly below a market expectation that estimated income of 61,000 million dollars, was less than the record achieved in 2024, when remittances reached 64,747 million dollars.
The reasons: a dollar that is trading at its lowest level in four years and an unemployment rate that reached 4.4% at the end of 2025, one of its highest records since 2021, in the United States, the largest issuer of remittances in the world.
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The weakness of the dollar responds to a "not very healthy economic panorama in the United States that also impacts the economy of the hemisphere and the global economy," economist Alejandra Castillo, global advisor to the Public Spend Forum (PSF), told the EFE agency.
Indeed, the total number of remittance operations in Mexico decreased by 5.5% to 157.74 million in 2025, which shows less activity on the part of its workers abroad.
Employment in the United States, key in remittances
"When employment in the United States slows, remittances fall sharply, creating immediate pressure on local consumption, retail sales, and tax revenues," warned Nur Cristiani, head of Latin America Investment Strategy at JP Morgan, in an analysis.
Without counting Mexico, a report by the Inter-American Dialogue organization estimated that remittances grew by 8%, to 158 billion dollars, in nine countries that concentrate more than 90% of these flows in the region: Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras and Jamaica.
Mexico is the second largest recipient of remittances in the world, after India, according to the World Bank, and the first in Latin America. However, these shipments represent about 4% of their Gross Domestic Product (GDP), as in Colombia, while in Nicaragua, Honduras and El Salvador they are around a quarter of the economy, the financial entity's report cites.
With EFE and local media
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