The invention discloses a high-performance nanometer polyurethane microcellular elastomer composite material and a preparation method thereof. Organic montmorillonite is added into polyether glycol I, heated and stirred, thus obtaining stably dispersed colloidal fluid; then polyether glycol II, an alcohols chain-extender, a foaming agent, a foam stabilizer and a catalyst are added, fully and evenly mixed, thus obtaining component A. B component is a performed polymer prepared by the reaction of the polyether glycol I, vulcabond or polyisocyanates at the temperature between 60 and 90 DEG C, with NCO percentage controlled between 17 and 26 percent by weight. The components A and B are mixed at high speed according to the weight mixture ratio that A:B equals to 0.5:1 to 3:1 by using a casting machine and at the temperature of 30-55 DEG C, and injected into a mould for injection moulding, consequently, the high-performance nanometer polyurethane microcellular elastomer composite material is obtained. With low cost, the invention improves a plurality of mechanical properties of a polyether polyurethane microcellular elastomer, such as the tensile strength, modulus and tear strength and the like, and broadens the application field of materials. The composite material can be used as shoe parts, bottom materials, bearing tires or shock absorption buffering materials, and the like. With a bi-component system and a casting moulding technology adopted simultaneously, the invention is simple and can be easily controlled, thus bringing convenience to production promotion.