The invention discloses a powder metallurgy abrasion-resistant corrosion-resistant bearing material. The powder metallurgy abrasion-resistant corrosion-resistant bearing material is characterized in that the powder metallurgy abrasion-resistant corrosion-resistant bearing material is made of the following raw materials of, by weight, 0.4-0.6 part of vanadium carbide, 0.2-0.3 part of chromium carbide, 0.5-0.8 part of graphite, 2.0-3.2 parts of molybdenum powder, 9.4-9.6 parts of nickel powder, 0.15-0.25 part of silicon carbide, 0.2-0.3 part of tantalum carbide, 2-3 parts of polyethylene wax powder, 93-94 parts of iron powder and 1-2 parts of additives. The corrosion-resistant high-temperature-resistant bearing material is made by adding titanium carbide, vanadium carbide, chromium carbide,nickel, molybdenum and graphite, and has the characteristics of being high in hardness, not prone to deforming, high in corrosion resistance, resistant to high temperature, resistant to corrosion andthe like, the structural stiffness, hardness, fatigue resistance and tensile strength performance are excellent, and the powder metallurgy abrasion-resistant corrosion-resistant bearing material is suitable for the high-temperature abrasion environment.