An aluminum alloy conductor having a high conductivity and a high bending fatigue resistance, and further achieving an appropriate proof stress and a high elongation is provided. An aluminum alloy conductor of the present invention has a composition consisting of Mg: 0.10 mass% to 1.00 mass%, Si: 0.10 mass% to 1.00 mass%, Fe: 0.01 mass% to 2.50 mass%, Ti: 0.000 mass% to 0.100 mass%, B: 0.000 mass% to 0.030 mass%, Cu: 0.00 mass% to 1.00 mass%, Ag: 0.00 mass% to 0.50 mass%, Au: 0.00 mass% to 0.50 mass%, Mn: 0.00 mass% to 1.00 mass%, Cr: 0.00 mass% to 1.00 mass%, Zr: 0.00 mass% to 0.50 mass%, Hf: 0.00 mass% to 0.50 mass%, V: 0.00 mass% to 0.50 mass%, Sc: 0.00 mass% to 0.50 mass%, Co: 0.00 mass% to 0.50 mass%, Ni: 0.00 mass% to 0.50 mass%, and the balance: Al and incidental impurities, wherein the aluminum alloy conductor has an average grain size of 1 µm to 35 µm at an outer peripheral portion thereof.