The invention discloses a manufacturing method of polyethylene colored fibers with ultrahigh molecular weight. According to the manufacturing method, colored fibers with the filament number of 0.33dtex-2.0dtex, the bundle fiber fineness of 22dtex-1776dtex, the fiber strength of 10cN/dT-40cN/dT, the modulus of 1000cN/dT-1600cN/dT and the elongation at break of 2%-4% are prepared through steps of preparing a colored spinning stock liquid, preparing colored proto-filaments and preparing the colored fibers. The polyethylene colored fibers have fine monofilament fineness and have thin and soft textures; the prepared colored fibers have good color uniformity and rich color varieties; the depth of color is adjustable, and the color fastness is high; the wear-resisting color fastness reaches the grade 4 or more, and the sunlight-resisting color fastness reaches the grade 4 or more; the soaping-resisting color fastness reaches the grade 4 or more, and the weather-resisting color fastness reaches the grade 4 or more; in a production process, a process is simple, and continuous and stable production is realized; one hundred thousand meters of a product can have no connectors, and a solvent is easy to volatilize; and after purification and separation are carried out by a rectification system, the solvent does not contain any pigment, and each bath of yarns have no color difference. The recycling rate is more than or equal to 99.5%, waste emission is reduced, and low carbon and environment friendliness are realized.