The invention discloses a method for manufacturing a non-casting balancing weight, which comprises: firstly welding a plurality of metal plates into a shell, reserving a feeding port on the shell, filling core materials such as waste metal, gravel and waste residues into the shell, putting the balancing weight filled with the core materials into a decompression chamber for drying, pumping wet air in the decompression chamber by an extraction pump and simultaneously blowing dry air into the decompression chamber in the drying process, and sealing the feeding port after drying of the balancing weight to manufacture the balancing weight; or firstly sealing the feeding port before executing the drying step, and in the process of executing the drying step, utilizing the shell of the balancing weight to replace the decompression chamber, configuring an extract opening and an air inlet port on the shell, respectively connecting the extract opening and the air inlet port to the extraction pump and a dry air source, pumping the wet air in the shell of the balancing weight by the extraction pump while filling the dry air into the shell, and using less energy consumption to achieve better drying effect.