The invention relates to a synchronous belt. The synchronous belt is formed by casting a rubber compound and strong thread rope, and the rubber compound comprises, by weight, 45-60 parts of hydrogenated nitrile butadiene rubber, 14-25 parts of trans-1,4-polyisoprene, 6-10 parts of polybutylene telephthalate, 4-8 parts of methacryloxy silane, 7-15 parts of a microcapsule, 1-4 parts of a lubricant, 1-4 parts of a curing agent and 1-2 parts of an antioxidant; and the strong thread rope is one of glass fibers, polyester fibers, aramid fibers and carbon fibers. The invention also relates to a production of the synchronous belt. The adhesive wrapping microcapsule is dispersed in a matrix, and when the matrix micro-cracks, the wall of the polyurea resin capsule is ruptured, so the adhesive in the microcapsule flows out of the capsule, and realizes cross-linking curing of an epoxy group with -NH2 in the matrix in order to realize a self-healing effect of the synchronous belt; and hydrogenated nitrile butadiene rubber, trans-1,4-polyisoprene and methacryloxy silane are used to effectively improve the integral performances of the synchronous belt.