The invention provides a naturally-degradable environment-friendly drilling fluid. The drilling fluid comprises the following components in parts by weight: 3.0%-7.0% of a shale inhibitor, 1.0%-3.0% of a natural anti-sloughing agent, 1.0%-5.0% of a natural blocking agent, 0.3%-0.5% of a natural viscosity-increasing cutting agent, 1.5%-3% of a natural fluid loss agent, 0.5%-4.0% of a lubricant, 0.1%-0.3% of polyhydroxymethyl hydroxyethyl siloxane, 0.02%-0.07% of an antioxidant and the balance of water. The drilling fluid can be applied to safe drilling and completion construction of exploratorywells, special process wells and horizontal wells in Changqing areas, six functions of stabilizing a well wall, preventing leakage and stopping leakage, carrying sand and suspending sand, purifying aborehole, protecting a reservoir and protecting the environment are realized, the drilling fluid has the characteristics of no biotoxicity, no chemical toxicity, biodegradability, environmental protection, strong anti-collapse ability, good plugging effect, effective reduction of stratum collapse ability, smooth and compact mud cake like a film, good lubricity, low damage to a low-porosity, low-permeability and low-abundance oil reservoir, and simple and feasible formula and slurry preparation process.