Mexico received USD 5,362 million in remittances in Sep 2026, 1.6% more than in Sep 2025, Banco de México (Banxico) reported on 3 Nov 2026. The money came in 12.6 million transfers, 6.3% fewer than a year earlier, at an average of USD 426 each, up 8.4%.
How remittances to Mexico were received, Jan to Sep 2026
USD millions and share of all income
Fewer transfers, larger ones
Sep brought in USD 82 million more than the same month last year, by our arithmetic, while the number of transfers fell by about 842,000. The same pattern runs through the year. From Jan to Sep, Mexico received USD 47,164 million, 2.1% more than in the same months of 2025, through 114.9 million transfers, 2.7% fewer. The average remittance over the nine months was USD 411, up 5.0% from last year.
The months haven't moved in a straight line. Income rose 3.0% in Jul, fell 3.6% in Aug and rose again in Sep. Adjusted for seasonal patterns, Banxico puts Sep at 2.9% above Aug. Over the twelve months to Sep, remittances added up to USD 63,452 million, a little above the USD 62,472 million received in all of 2025, a year in which they fell 3.9%.
How the money is collected
Electronic transfers carried 99.2% of this year's income, USD 46,773 million. Cash and in-kind deliveries added USD 303 million and money orders USD 87 million. Of the electronic transfers, 53.6% went into a bank account and 46.4% were collected in cash. Against all income, that's USD 21,685 million paid out in cash, close to half the total, by our arithmetic.
Money also flows the other way, on a much smaller scale. People living in Mexico sent USD 115 million abroad in Sep, 23.2% more than a year earlier, and USD 972 million from Jan to Sep, up 11.4%. Net of those payments, the nine-month surplus came to USD 46,192 million.
A rising average with fewer transfers suggests that senders are grouping money into larger, less frequent payments; Banxico's figures alone don't say why. Banxico's figures for Oct are due in early Dec 2026, on its usual monthly schedule.
Sources
- Banco de México, remittance income and outflows, Sep 2026, 3 Nov 2026
- Wikipedia, Economy of Mexico, remittances section (context), 9 Nov 2026
Figures checked at their original sources on 10 Nov 2026. See an error? Corrections.