The invention discloses externally-applied medicinal oil for treating empyrosis and scalding, which is prepared by decocting golden thread, rhubarb, baical skullcap root, phellodendron, myrrh, frankincense, angelica dahurica, sanguisorba root, rehmannia root, lightyellow sophora root, Chinese angelica, borneol, root of red-rooted salvia, scorpion, nux vomica, paraffin wax, common anemarrhena rhizome, Szechuan lovage rhizome, Chinese gall and gardenia serving as Chinese herbal medicines in cooked sesame oil. The externally-applied medicinal oil has the advantages that: pain is relieved quickly, and can be relieved within 5 to 10 minutes after the externally-applied medicinal oil is applied, and wounds are quickly healed and do not have scars after healing. Due to the adoption of a wet exposure therapy, the wounds are convenient to observe, so that the wounds are cured in an exposed environment which is not impregnated. The externally-applied medicinal oil has the effects of clearing heat and detoxicating, promoting blood circulation and removing blood stasis, diminishing inflammation and relieving pain and removing necrosis and promoting tissue regeneration, so that the wounds of the empyrosis and the scalding are healed quickly and do not have the scars after the healing, and particularly the original skin colors and a physiological function of each position can be kept basically after the healing of first-degree empyrosis and scalding and second-degree empyrosis and scalding.