The invention relates to a large-swelling-amount welded tube and a manufacturing method thereof, belonging to the technical field of welded tube steel. The welded tube contains the following chemical components in percentage by mass: 0.02-0.10wt% of C, 2.0-6.0wt% of Mn, 0.2-1.0wt% of Si, less than 0.01wt% of S, less than 0.02wt% of P and the balance of Fe and inevitable impurities, and can also contain the following one or more chemical components: 0.1-0.6wt% of Ni, 0.1-0.6wt% of Cr, 0.1-0.5wt% of Cu, 0.01-0.1wt% of Nb, 0.01-0.1wt% of V and 0.01-0.02wt% of Ti. The manufacturing method comprises the following steps: performing converter steel making, controlled rolling and controlled cooling; then performing crimping plate processing on steel strips; forming a swollen blank tube through high frequency welding (HFW); and finally performing heat treatment to obtain residual austenite of which the volume fraction is larger than 5% in the structure. The invention ensures that the material has high strength level and simultaneously has high plasticity, the uniform elongation rate is up to 20% or above, and all the mechanical performance indices meet the requirements of API and other relevant standards.