The invention discloses an extrusion forming mould for annular ribs of magnesium alloy shell parts. The extrusion forming mould mainly comprises an upper mould plate, a mandrel, a split male mould pull rod, split male moulds, tension springs, a male mould sliding guide rail, a split male mould sliding bottom plate, a supporting plate and a cylindrical female mould, wherein the head part of the mandrel is conical, a center hole is formed in the axial direction of the mandrel, one end of the split male mould pull rod is inserted in the center hole, the other end of the split male mould pull rod is fixed on the split male mould sliding bottom plate, the at least two split male moulds are symmetrically arranged around the split male mould pull rod, are fixedly connected with the split male mould pull rod through the tension springs and are arranged in a radial sliding groove of the split male mould sliding bottom plate through the male mould sliding guide rail, a wedge-shaped inclined plane adapting to the conical head part of the mandrel is arranged at the inner side of each split male mould, an arc-shaped extruding bulge is arranged at the arc-shaped wall surface of the outer side of each split male mould, and the arc length of each extruding bulge is more than the distance between each two adjacent extruding bulges. According to the extrusion forming mould, all the split male moulds do radial movement by virtue of the axial movement of the mandrel, metal flows in the radial direction, and thus the annular ribs are generated.