The invention relates to the field of electric connectors, in particular to an underwater plug-pull connector and a preparation method thereof, wherein the underwater plug-pull connector can be applied to the seafloor and other deepwater environments. The front end of the connector serves as a plug end, the connector comprises a shell, an insulator, a sulfide body and a contact piece connected with a conducting wire, and the contact piece, the insulator and the shell are fixed together in a vulcanization mode through the sulfide body. A locating step surface facing the front is installed inside the shell, a matching step surface which is in check fit with the locating step surface is installed on the outer circumferential surface of the insulator, the contact piece is installed inside an installation hole of the insulator in a plug-in mode, the rear side of the insulator is fixedly connected with a supporting piece, and an air exhaust gap is formed between the supporting piece and the inner wall surface of the shell. The fact that the insulator has enough strength to bear vulcanization injection force can be guaranteed through the supporting piece, and meanwhile, the air exhaust gap is formed between the supporting piece and the inner wall surface of the shell, so that during a vulcanization process, air inside the shell can be exhausted from the rear end of the shell through the air exhaust gap, and therefore, the problem that seal of an existing underwater plug-pull connector is not reliable is solved.