The remittances despatched from the United States to Mexico see the sunshine once more. After 4 months of destructive data, shipments of cash from overseas have recovered dynamism in March, reaching 5,150 million {dollars}, an annual enhance of two.7%, in line with the figures launched this Friday by the Bank of Mexico (Banxico). The arrival Donald Trump to the White House and its aggressive anti -immigration and financial safety insurance policies affected in standard circulate. In any case, the restoration may be very delicate.
The Central Bank emphasizes that in March 13.4 million transactions had been made, with a median cargo of 383 {dollars}, a 2.4% rise within the variety of shipments and 0.3% within the quantity of the typical remittance.
The amassed worth of remittance earnings within the first three months of 2025 was 14,269 million {dollars}, barely exceeding 14,083 million reported final yr. Gabriela Siller, director of Economic Analysis of Grupo Base, factors out that it’s a very low progress in comparison with different years, primarily based on the contraction of the US financial system for the primary time within the final three years below the mandate of Donald Trump.
98.8% of whole income from remittances was made by way of digital transfers, registering a degree of 14,109 million {dollars} from January to March. For their half, remittances made in money and species represented 0.9 and 0.3% of the overall quantity.
Remittance reception is important for the Mexican financial system and different international locations within the area. According to World Bank figures, Mexico was the second nation to obtain extra money from overseas in 2023, solely beneath India. The whole quantity of remittances meant an impression of three.2% of the Gross Domestic Product (GDP) of the nation, with a complete of 64,745 million {dollars} on the finish of December.
https://elpais.com/mexico/2025-05-02/el-envio-de-remesas-de-estados-unidos-repunta-en-marzo-tras-el-efecto-trump.html