The invention relates to an aluminum alloy welding wire and a manufacturing method thereof. The aluminum alloy welding wire is prepared from the following elements in percentage by weight: 0.01 percent to 0.15 percent of iron, 0.01 percent to 0.12 percent of silicon, 0.01 percent to 0.1 percent of copper, 0 percent to 0.009 percent of scandium, 0.02 percent to 0.22 percent of manganese, 4.5 percent to 5.5 percent of magnesium, 0 percent to 0.009 percent of chromium, 0.01 percent to 0.18 percent of zinc, 0 percent to 0.003 percent of titanium, 0.001 percent to 0.03 percent of lithium, 0.001 percent to 0.01 percent of boron, 0 percent to 0.02 percent of vanadium, 0.005 percent to 0.009 percent of zirconium, 0.002 percent to 0.009 percent of cerium, 0.001 percent to 0.008 percent of yttrium,0.0001 percent to 0.002 percent of nickel, 0.0001 percent to 0.008 percent of strontium, 0.0001 percent to 0.009 percent of ytterbium, 0.0003 percent to 0.002 percent of neodymium, 0.0001 percent to 0.03 percent of niobium, and the balance aluminum. Compared with the prior art, according to the aluminum alloy welding wire and the manufacturing method thereof provided by the embodiment of the invention, the performance and the quality of the aluminum alloy welding wire can be remarkably improved, and the manufacturing cost of the aluminum alloy welding wire is comprehensively reduced.