The invention discloses a multi-curative-effect external ointment and a preparation method thereof. The external ointment is prepared from, by weight, vaseline, white oil, beewax, microcrystalline wax, menthol, american vine fruit oil, borneol, wintergreen oil, eucalyptus oil, symsitive, camphor, symrelief, mint essence, powder essence and the like. Every three components are mixed, heated, melted, evenly stirred, cooled and then poured into a mixing tank, and then the mixtures continue to be stirred till all the materials are fully mixed. The ointment is fine in compounding, soft in texture and obvious in wet feeling, the solubility of all kinds of grease is enhanced, and the antibacterial and anti-corrosion effects are achieved; the use comfort is improved while the product stability isimproved, the ointment has the effects of caring skin, resisting allergy, being cool, stopping itching, relieving swelling and pain, refreshing and restoring consciousness, moistening and moisturizingthe skin, activating subcutaneous microcirculation, forming a protective film on the skin surface, preventing the loss of water and functional substances, fixing the medicinal components and enhancing the overall curative effect. The method is simple in preparation process, low in production cost and low in investment risk.