The invention discloses a noise-reducing and fireproof external wall panel. The external wall panel comprises a base layer, a noise-reducing and fireproof layer, a flow guide plate layer, an abrasion-resistant layer and a decoration coating which are arranged sequentially from inside to outside; a preparation method of the noise-reducing and fireproof layer comprises steps as follows: a phosphonitrilic chloride trimer is heated, kept at the temperature, cooled to the room temperature and washed, and polydichlorophosphazene is obtained; polydichlorophosphazene is added to tetrahydrofuran, hydroquinone is dropwise added, then reflux heating, distillation, washing and vacuum drying are performed, and a material a is obtained; after the material a and poly-1,4-butylene adipate glycol are evenly mixed, 1,6-hexamethylene diisocyanate is added, dry nitrogen is introduced for protection, and a material b is obtained through heating, temperature keeping and cooling; diethylene glycol, pentaerythritol, bismuth laurate, a foaming agent, a blowing promoter, bentonite, palygorskite, expanded perlite, glass fibers, jute fibers, magnesium hydroxide, an anti-aging agent and acetone are evenly mixed, the surface of the base layer is coated with the mixture, and then the noise-reducing and fireproof layer is obtained through heating and temperature keeping.