The invention relates to an externally applied traditional Chinese medicine composition for treating bone diseases, and the traditional Chinese medicine composition is a traditional Chinese medicine paste which is composed of nux vomica, himalayan teasel root, Chinese angelica, frankincense, myrrh, sanchi, catechu, garden balsam stem, dragon's blood, eucommia bark, musk, borneol, twotooth achyranthes root, common monkshood mother root, kusnezoff monkshood root, clematis root, ovientvine, pedate pinallia jackinthepulpit rhizome, swordlike atractylodes rhizome, divaricate saposhnikovia root, glandularstalk St.Paulswort herb, pangolin scales, ginger, Ningpo yam rhizome, garden balsam, doubleteeth pubescent angilica root, incised notopterygium rhizome and lead tetroxide according to certain parts by weight. The traditional Chinese medicine composition pertains to pure traditional Chinese medicine preparation, which is safe, reliable and has no toxicity or side effects; compared with the similar paste, the traditional Chinese medicine composition is characterized by good viscosity, no displacement, low cost, high efficacy and rapid onset of action; the indications are fractures, traumatic injuries, bone hyperplasia, rheumatism, arthritis, cervical spondylosis, lumbar disc herniation, scapulohumeral periarthritis, lumbar muscle strain, sciatic nerve pain and so on.