The invention belongs to the technical field of rolling, and particularly relates to a production method of an alloy spring steel wire with excellent drawing performance, which comprises the working procedures of cogging, heating, rolling and cooling, the temperature of a second heating section and a soaking section of a casting blank is 1200-1250 DEG C, cogging is carried out after the heat preservation time is 3-6 hours, an intermediate blank is heated for 100-300 minutes, the temperature of the second heating section and the soaking section is 900-1050 DEG C, and the second heating section and the soaking section do not exceed 100 minutes; the temperature in/out of a finishing mill is 750-850 DEG C, and the deformation is 60-90%; and the spinning temperature is 750-800 DEG C, the Stelmor controlled cooling time is 600-1200 seconds, the cooling rate is 0.10-0.20 DEG C/s, and air cooling is carried out in a manner of avoiding wind after discharging from a cover. A 100% ferrite F + pearlite P structure is obtained, the grain size is more than 9 grade, the plastic deformation performance is excellent, and the method can be directly used for large-deformation cold drawing processing without annealing, and has the characteristics of energy conservation, consumption reduction, greenness, environmental protection and the like.