The invention relates to novel high-nitrogen austenitic stainless steel for a non-magnetic drill collar and a manufacturing method of the novel high-nitrogen austenitic stainless steel, and belongs to the technical field of stainless steel materials. The stainless steel comprises, by weight, 22.15-23.50% of Cr, 0.56-0.68% of Mo, 0.047-0.060% of C, 0.70-0.81% of N, 0.95-2.14% of Ni, 16.20-16.94% of Mn, 0.17-0.24% of Si, 0.008-0.010% of P, 0.008-0.012% of S, and the balance Fe, wherein the C+N is greater than or equal to 0.747% but smaller than or equal to 0.836% by weight, and Cr+3.3*Mo+16.0*N is greater than or equal to 35.0% by weight. The manufacturing method comprises the steps of non-vacuum induction melting, argon oxygen decarburization external refining, cogging by a quick forging press, molding by a radial forging machine, and water-cooling treatment. The novel high-nitrogen austenitic stainless steel for the non-magnetic drill collar has the advantages of excellent indoor temperature strength and intercrystalline corrosion resistance.