Mexico remittances rise 2.1% in first nine months of 2026, Digi Mart USA News: Remittances received by Mexico rose 2.1% year over year in the first nine months of 2026, reaching $47.164 billion, according to Banco de México (Banxico), which announced the figures on Tuesday. The increase came despite a tightening of U.S.
migration policy, the main source of these transfers.
In September alone, Mexico received $5.362 billion in remittances, a 1.6% year-over-year increase, following a 3.6% decline recorded in August. Compared with the same period of 2025, when inflows totaled $46.184 billion, Mexico received $980 million more.
The September gain was explained by an 8.4% increase in the average amount of each transfer, to $426, which offset a 6.3% reduction in the number of transactions, to 12.6 million. For the January-to-September period, the number of transactions also fell 2.7%, to 114.9 million, while the average remittance rose 5%, from $391 to $411.
Electronic transfers accounted for 99.2% of funds received during the first nine months of the year, totaling $46.773 billion. Cash and in-kind transfers represented 0.6%, and payment orders 0.2%.
Of electronic remittances, 53.6% were received through bank account deposits and 46.4% were collected in cash.
Residents of Mexico sent $115 million abroad in September, a 23.2% year-over-year increase. Outflows from January to September totaled $972 million, 11.4% more than in the same period of 2025.
Over the most recent twelve months, from October 2025 to September 2026, Mexico received $63.452 billion in remittances, up from $63.370 billion over the twelve months ending in August. In 2025, remittances broke an eleven-year streak of annual growth, totaling $62.472 billion, 3.9% less than the record set in 2024.
The trend unfolds amid a tightening of U.S. migration policy since President Donald Trump returned to the White House in January 2025.
Mexico is one of the world’s largest recipients of remittances, which constitute a fundamental source of income for millions of households, especially in states with a long migration tradition.
