The invention relates to a reactive black dye composition and a dye product. The reactive black dye composition includes, by weight, 45-95 parts of a component A, 5-55 parts of a component B and 0-40 parts of a component C, the component A is selected from at least one compound represented by formula (I), the component B is selected from at least one compound represented by formula (II), and the compound C is selected from at least one compound represented by formula (III) and / or formula (IV). The reactive black dye product includes the reactive black dye composition. The product has the advantages of good deep dyeing property, excellent lifting force, high color fixing rate, good compatibleness, excellent color fastness, realization of less dye dosage, easy water washing and clear raffinate in the printing and dyeing process, stable saline-alkaline resistance, stable dyeing performance, and suitableness for dip dyeing, pad dyeing, printing and other technologies.