The invention relates to a degreasing agent for a permanent magnet material. The water-soluble degreasing agent comprises alkaline materials, a cleaning auxiliary agent and a surface active agent, wherein the alkaline materials are selected from at least two of sodium hydroxide, potassium hydroxide, sodium carbonate, sodium hydrogen carbonate, trisodium phosphate or sodium pyrophosphate; the cleaning auxiliary agent is selected from at least one of organic polybasic phosphonic cleaning auxiliary agents, or a mixture of at least one of the organic polybasic phosphonic cleaning auxiliary agents and at least one of inorganic phosphate cleaning auxiliary agents; and the surface active agent is a low-foam non-ionic surface active agent. According to the invention, the degreasing agent provided by the invention has good wettability, permeability and emulsibility, high degreasing speed, higher grease dirt capacity and long service life, and can prevent grease dirt from being adsorbed again; and meanwhile, by using the non-ionic surface active agent, the foam is little, the washing performance is superior, the water can be softened, and the corrosion of the permanent magnet material in the degreasing agent can be avoided.