The invention discloses waterproof dry-mixed mortar and a production process thereof, and belongs to the technical field of mortar production. The dry-mixed mortarcomprises the following components in percentage by weight: 40%-60% of ordinary Portland cement, 30%-50% of mixed sand, 1%-1.5% of redispersible polymer rubber powder, 0.2%-1.2% of an organic silicon waterproof agent, 0%-0.3% of fibers, 0.6%-1.5% of a water-retaining thickening agent and the balance of an additive. The dry-mixed mortaris prepared through the following processes: screening all components of the mixed sand through a screening device, performing metering according to a ratio, and then performing mixing; metering and mixing the starch ether, the cellulose ether and the bentonite according to the proportion to obtain a water-retaining thickening agent; metering and mixing ordinary Portland cement, screened and mixed sand, redispersible polymer rubber powder, an organic silicon waterproof agent, fibers, a water-retaining thickening agent and an additive according to a ratio to prepare a dry mixture; and dispersing and packaging the dry mixture to obtain a finished product. The performance of the mortar in all aspects is improved, a certain raw material cost can be saved, construction is convenient, the waterproof performance and the cracking resistance are excellent, and the durability is good.