Remittances to Mexico declined for an 11th consecutive month in February, as U.S. immigration enforcement and labor market conditions weighed on money transfers from abroad, according to data from the Banco de México.
Mexico received $4.47 billion in remittances in February, a 0.4% increase from a year earlier but the lowest monthly total since February 2025. The number of transactions fell 3.2% year-over-year to about 11.3 million operations, extending a sustained decline in transfer activity even as the average remittance rose to $395.
