For the fourth straight month, remittances sent from Mexicans in the U.S. to Mexico were down.
Last month I reported that June remittances were down from the previous June.
This month it was reported that July remittances were down from the previous July. That’s the fourth straight month that remittances have fallen.
According to the Banco de México , “In July of 2025, remittance income from the exterior [mostly the U.S.] totalled 5.33 billion dollars, a decrease of 4.7%.”
That’s 4.7% less than July of 2024.
The Banco also reported total remittances of January to July: “The accumulated sum of remittance income in the January to July 2025 period is 34.889 billion dollars, less than the 36.919 billion dollars registered in the same period of 2024 and indicates an annual decrease of 5.5%.”
What explains the decrease?
According to the Latin Times “Experts consulted by the outlet explained that the Trump administration’s immigration crackdown has prompted both voluntary returns and reduced work participation among Mexicans in the U.S., while fewer new migrants are entering the labor market. Analysts note that remittance flows naturally depend on ongoing migration, and Mexico’s migration levels have fallen over the past 15 years.”