The invention discloses a preparation and utilization method of moxibustion healthcare paste for external use. The moxibustion healthcare paste is characterized by being prepared from 15-20% of natural magnetic micropowder, 4-6% of tourmaline micropowder, 4-6 parts of far infrared ceramic micropowder, 10-15% of Chinese herbal medicines, 5-10% of healthcare paste matrix, 20-30% of beeswax, 10-15% of red lead and 20-30% of medicinal vaseline. The moxibustion healthcare paste is applied to human acupoints; after the healthcare paste is heated to melt and naturally cooled for about 10-15min priorto being spread at a cleaned affected pain part, and skin activating, skin detoxifying, great heat absorbing and preserving effects, uniformity in heat dissipation and temperature uniformity are realized; meridian activating, wind expelling, cold removing, blood circulation activating, stasis removing and goiter and tumor removing can be realized, and pain relapse is avoided; treatment of headache, toothache, prosopalgia, sore thorat, chest hypochondrium, epigastric pain, stomachache, gout, neck-shoulder and lumbocrural pain, protrusion of intervertebral disc, sciatica, rheumatalgia and spinalpain can be realized; the moxibustion healthcare paste can be conveniently applied to different human body parts, avoids hardening and flowing, is solidified after being removed from a human body andcan be repeatedly heated for use.