The invention discloses a high friction composite brake shoe for a railway wagon and a manufacturing method thereof. The composite brake shoe comprises: a steel back and a brake shoe body which is fixed on the steel back, wherein, the brake shoe body is prepared by materials which are synthesized by various components with the following weight ratio: 8 to13 parts of nitrile butadiene rubber, 2 to10 parts of styrene butasiene rubber, 5 to10 parts of cresol modified A-stage phenolic resin, 15 to 30 parts of steel fiber, 10 to 15 parts of magnesium oxide, 5 to 10 parts of calcined petroleum coke, 2 to 5 parts of silicon carbide, 10 to25 parts of mineral fiber, 5 to 10 parts of calcium hydride, 10 to 20 parts of barium sulfate, 5 to 10 parts of graphite, 1 to 5 parts of molybdenum disulfide, 1 to 5 parts of carbon black, 1 to 3 parts of sulfur and 1 to 3 parts of enhancer. The brake shoe can be used in the railway heavy-duty high-speed wagon and has stable friction performance and better wear resistance; the brake shoe can effectively inhibit the phenomena of metal inlay, cracks, dropping blocks and the like and reduce the damages on wheels; and the brake shoe is characterized by better impact resistance performance and good weatherability.