In just three days, the Bank of Mexico estimated that “capital flight” amounted to 47.687 billion pesos, which would represent almost half of Oaxaca’s budget for all of 2025, which the Oaxaca Congress estimated at 103 billion pesos.
During April 9, 10, and 11, when the tariff threats between the United States and China intensified, an outflow of assets by foreign residents in Mexico was recorded, according to information from the Bank of Mexico (Banxico).
This means that, on average, more than 15 billion pesos were leaving the country per day due to Trump’s threats to impose tariffs on Mexican products.
Just to put the total into context, last year, compatriots working in the United States sent $3.433 billion in remittances, representing a 6.82% increase compared to 2023. This is roughly 68 billion pesos in one year. In three days, an amount similar to 70% of the total effort made by Oaxacans to send foreign currency to their families in Oaxaca left the country.
Trade tensions between the two powers caused widespread losses in the financial markets, as investors rebalanced their portfolios and turned to safer assets.
On April 11 alone, 26.413 billion pesos left the country in reaction to the US government’s announcement that it would increase the tariff rate on China from 125% to 145%, while pausing the rest of the countries for 90 days to allow for negotiations.
In the 11 days of April, investment liquidation totaled 41.864 billion pesos, as inflows were recorded in some sessions—such as April 4, 7, and 8.
The outflows on the most tense days brought the year-to-date balance to a negative 4.762 billion pesos; prior to that date, the balance reached 46.11 billion pesos inflows on March 14.
Source: imparcialoaxaca
