Contents
The Bank of Mexico (Banxico) reported that in January 2026, remittance inflows from abroad fell by 1.4% year-over-year compared to the same month in 2025.
This was the result of a 5.2% decline in the number of remittances combined with a 3.9% increase in the average remittance amount.
Subscribe to Mundo Ejecutivo to read exclusive content and receive benefits
Remittance income
According to Banxico, in January 2026, remittance revenues reached $4.594 billion, derived from 11.5 million transactions, with an average remittance of $401—3.9% higher than in January of the previous year.
98.6% of the transactions were conducted via electronic transfers, totaling $4.529 billion.
The financial institution specified that remittances made in cash and in kind accounted for 1.2% of the total amount, amounting to $54 million.
Meanwhile, money orders accounted for 0.2% of the total, with a volume equivalent to $11 million.
Remittances sent abroad
Meanwhile, in the same month of 2026, remittances sent abroad by residents of Mexico totaled $99 million, resulting from 241,000 transactions, with an average transfer amount of $412.
As a result, remittance outflows declined by 9.3% year-over-year, reflecting a 1.9% decrease in the number of transfers and a 7.5% decline in the average remittance amount.
Similarly, from February 2025 to January 2026, cumulative remittance inflows totaled $61.71 billion, a figure lower than the cumulative total for January through December 2025, which amounted to $61.777 billion.
Surplus and Cumulative Trends
Data from Banxico show that, in the month in question, Mexico’s surplus in the remittances account with the rest of the world stood at $4.495 billion, compared with the $4.551 billion recorded in the first month of 2025.
From February 2025 to January 2026, the cumulative remittance balance totaled $60.537 billion, compared with the cumulative flow from January to December 2025, which reached $60.594 billion.
According to seasonally adjusted data, in the first month of 2026, remittance inflows rose by 2.2% month-over-month, while remittance outflows fell by 3.5% month-over-month.
Finally, in the first month of 2026, the remittance account surplus reached $5.188 billion, up from the $5.069 billion recorded in December 2025.
Follow us on Google News to stay informed
