The present invention discloses a high wear-resisting iron-base thermal spraying coating material, the high wear-resisting iron-base thermal spraying coating powder is made of a metal material, the metal material comprises the following the chemical components by weight: 10-18% of Cr, 0.20-0.50% of C, 0.8-2.0% of Si, 1.5-3.0% of Mn, 0.62-0.88% of Al, 0.55-0.87% of Ti, 0.5-2.0% of Ni, Mn and Ni with the total content of 3.2-3.6%, at least one of Mo and W with the total content of 1-8%, 0.41-0.63% of lanthanum rare earth, and balance of Fe and unavoidable impurities; the coating microstructure is Cr7C3 strengthening phase dispersed austenite, the lanthanum rare earth comprises the following the components by mass: 4-11% of cerium, 10-13% of terbium, 15-22% of gadolinium, 12-15% of praseodymium and balance of lanthanum, the total content of the cerium, terbium, gadolinium, praseodymium and lanthanum is 100%, and the iron-base composite coating powder has good high temperature oxidation resistance, can avoid excessive oxidation in the process of spraying so as to improve the compactness of internal combination of the sprayed coating, the sprayed coating is moderate in pore size and smooth and round in shape, the production of cracks can be effectively reduced, and the tank body oil storage function can be well played.