Mexico’s central bank, Banxico, reported that in May 2025, remittance inflows from abroad reached $5.36 billion, representing a 4.6% annual decline.
Meanwhile, remittances sent by residents in Mexico abroad totaled $86 million, which marked a 26.8% annual decrease.
With these results, in May 2025, Mexico’s remittance account surplus with the rest of the world stood at $5.274 billion, lower than the $5.501 billion reported in the same month of 2024.
With seasonally adjusted data, in May 2025, remittance inflows grew at a monthly rate of 4.2%, while outflows shrank by 11.2%. Thus, in May 2025, the remittance account surplus was $5.027 billion, higher than the $4.809 billion observed in the previous April.
Figures for the January-May 2025 Period
According to Banxico, the cumulative amount of remittance inflows from January to May 2025 totaled $24.375 billion, lower than the $25.120 billion recorded in the same period of 2024, representing a 3.0% annual decline.
In the January-May 2025 period, 99.1% of total remittance inflows were made through electronic transfers, reaching $24.138 billion. Meanwhile, cash and in-kind remittances and money orders accounted for 0.7% and 0.2% of the total, with amounts of $180 million and $57 million, respectively.
Banxico reported that the cumulative flow of remittance inflows over the last twelve months (June 2024 – May 2025) totaled $64.002 billion, lower than the twelve-month cumulative value recorded in April of $64.260 billion (May 2024 – April 2025).
Image: Infobae
