Mexico | In March, Remittances and Detentions of Mexican immigrants at maximum levels

Summary

In March, remittances hit a new high at 4,152 million USD. Considering the immigration encounters (apprehensions, inadmissions and expulsions) in the U.S., in March 2021, about 62,000 Mexican immigrants were detained, their highest level in a single month, possibly since the end of the last global financial recession.

Key points

• Key points:
• Remittances to Mexico reached a new high, reaching 4,152 million USD (md) in March 2021, surpassing the previous record of 4,045 md in March 2020, when they grew 35.1%.
• Since March 2020, by decree of former President Donald Trump, the United States has carried out immediate expulsions of migrants in the interest of public health, under Title 42 of the Civil Code, with the justification of avoiding COVID-19 infections.
• As of March 2021, there were 637 thousand migrants expelled by Title 42, of which 408 thousand (64%) were of Mexican nationality.
• Considering the immigration encounters (apprehensions, inadmissions and expulsions) in the United States, in the month of March 2021, 62,000 Mexican migrants were detained, their highest level in a single month, possibly since the end of the last global financial recession.
• Remittances are very important to the Mexican economy. In 2020: 1) 5 out of every 100 households received these resources, 2) they could represent 3.8% of the national GDP, 3) they exceeded foreign exchange earnings from FDI, tourism and crude oil exports, and 4) in Michoacán, Guerrero, Oaxaca, Zacatecas and Nayarit, remittances could be equivalent to more than 10% of their state GDP.

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