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Mexico Remittances Drop 12.1% in April
vs Last Year

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Posted By: earlybird, 6/2/2025 6:56:23 PM

A few datapoints to keep on a post-it note as things progress; starting with a rather significant new release that I think you will find interesting. Approximately 12.3 million Mexicans live abroad, both legally and illegally, with 97% of them living and working in the United States, according to BBVA Research. Last year Mexicans living abroad sent $64.75 billion back home in remittances, largely from Texas and California to states in central and western Mexico. According to data just released, in April of this year remittances back to Mexico dropped 12.1%. The Mexico central bank said April saw 8.1% fewer transactions than a year earlier, that’s down to

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Bad for Mexico and good for us. And leverage for PDJT in renegotiating the USMCA later this year. For those interested in Florida, lifelong Floridian SD includes information on the dropping home prices there and other econpmic conditions.

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Reply 1 - Posted by: DVC 6/2/2025 7:16:16 PM (No. 1958918)
Add a 50% tax and see how much more they drop. The Mexican government will squeal like a stuck hog.
15 people like this.

Reply 2 - Posted by: itsonlyme 6/2/2025 7:24:38 PM (No. 1958922)
Like fleeing cockroaches ILLEGAL INVADERS
8 people like this.

Reply 3 - Posted by: thefield 6/2/2025 8:02:06 PM (No. 1958933)
I wad expecting 40%. Remittance records tells i.c.e. where the illegals are.
7 people like this.

Reply 4 - Posted by: jayjeti 6/2/2025 8:16:37 PM (No. 1958944)
It has long been known that the Mexican government loves all these Mexicans in the U.S. because they are sending money back home. It's a trade deficit, of sorts, in people taking money out of the U.S.
8 people like this.

Reply 5 - Posted by: itsonlyme 6/2/2025 8:46:08 PM (No. 1958967)
Remember this one? April, 2024 "Mexico’s President Andrés Manuel Lopez Obrador (AMLO)" "AMLO has signaled that he is willing to play ball, but it’s going to come at a cost. During an interview with 60 Minutes last week, he issued the same demands he made back in January – and they’re steep. First, AMLO wants $20 billion in U.S. foreign aid to flow to Latin American and Caribbean nations. He also wants a de facto amnesty for 10 million Hispanic illegal aliens living in the U.S. in the form of work authorization (which would enable them to send even more money to their homelands in the form of remittances). And, he is demanding that sanctions against Venezuela and the blockade of Cuba be lifted." https://www.fairus.org/legislation/executive/mexicos-20-billion-shakedown A gigantic piece of sheet on the loose.
6 people like this.

Reply 6 - Posted by: hershey 6/2/2025 9:24:05 PM (No. 1958985)
Good, keep it dropping...indicates less illegals..
3 people like this.

Reply 7 - Posted by: Timber Queen 6/3/2025 3:40:04 AM (No. 1959046)
The big chain supermarket in town had a Western Union desk. The cost to wire money inside the U.S. was $5.00. The cost to wire money to Mexico was $2.50. It always chapped my hide whenever my eye caught that sign. I noticed the sign was gone...a month after President Trump was elected. (They didn't even wait for after his inauguration.) It warmed my heart! MAGA
7 people like this.

Reply 8 - Posted by: Strike3 6/3/2025 8:18:36 AM (No. 1959135)
That number is way too low, the reason being that most of the illegal immigrants who came here during the Biden Clown Show did not have paying jobs and those who lived by crime, sold drugs and trafficked in human beings are not stupid enough to transfer money through normal means.
3 people like this.

Reply 9 - Posted by: Hermit_Crab 6/3/2025 9:59:04 AM (No. 1959180)
Maybe so..... But I bet that the remittances to other Central and South American countries, Muslim countries, African countries, and probably even China went up enough to more than make up for the drop in the ones to Mexico. (I'd be glad to be proven wrong on this.)
0 people like this.

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A few datapoints to keep on a post-it note as things progress; starting with a rather significant new release that I think you will find interesting. Approximately 12.3 million Mexicans live abroad, both legally and illegally, with 97% of them living and working in the United States, according to BBVA Research. Last year Mexicans living abroad sent $64.75 billion back home in remittances, largely from Texas and California to states in central and western Mexico. According to data just released, in April of this year remittances back to Mexico dropped 12.1%. The Mexico central bank said April saw 8.1% fewer transactions than a year earlier, that’s down to
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