The invention relates to a knife pouch push-out type chain type tool magazine, and aims to provide a chain type tool magazine structure which is simple in structure, small in structural space, high inmotion precision, high in tool changing speed, stable in operation, small in vibration, long in service life, low in use cost, convenient to adjust and flexible in application. The knife pouch push-out type chain type tool magazine comprises a base, an annular guide rail, a chain mechanism, a chain driving unit and a knife pouch push-out device. The base is connected with a machine tool, the annular guide rail is arranged on the base, and the chain mechanism comprising a plurality of knife pouches is arranged on the annular guide rail and can rotate along the annular guide rail under the action of the chain driving unit. The knife pouch push-out device is erected above the chain mechanism and installed on the base through a push-out installation plate, and the knife pouches can be pushedout of the chain mechanism to conduct automatic tool changing or manual tool installing.