06:51 AM EDT, 08/05/2025 (MT Newswires) -- Mexico received $5.20 billion in remittances in June, representing a 16.2% decline compared with the same month the previous year, said BBVA Research.

This is the largest drop in remittances since September 2012, almost 13 years ago, noted BBVA Research.

In June, just over 12.7 million remittance transactions to Mexico were recorded, 14.3% fewer than in June 2024. The drop in the number of transactions between April and June 2025 could indicate that fewer people in the United States are sending money to Mexico, it pointed out.

Recent U.S. government immigration actions and policies are only marginally affecting the decline in remittances to Mexico, which have shown signs of uncertainty over the past 20 months, a trend that began to be observed in November 2023, added BBVA Research.

During the first half of 2025, 99.0% of remittances sent to Mexico were made through electronic transfers, 79.5% were channeled through non-bank institutions, and 51.1% were collected in cash.

Since recovering in 2014, the flow of remittances to Mexico has experienced a streak of 11 consecutive years of growth, which will most likely end in 2025, according to BBVA Research. Between 2013 and 2024, remittances increased in nominal terms from $23 billion to $64.7 billion, in other words, they almost tripled.