The invention relates to waterborne conductive ink which comprises the following components in percentage by weight: 1-40 percent of polymer emulsion or dispersion liquid, 0.1-0.7 percent of dispersant, 0.1-0.3 percent of wetting agent, 0.2-1.8 percent of defoaming agent, 30-70 percent of conductive material, 0.5-3 percent of film-forming addition agent and 5-60 percent of water. The waterborne conductive ink disclosed by the invention has the advantages of no toxicity or odor, safety, environment friendliness, convenience in use, resource economization, favorable film forming performance and printing performance of ink, strong adhesive force and good weather resistance; the defects of toxicity, harm, inflammability and explosiveness of solvent ink are overcome; and water replaces organic solvent, so that a volatile organic compound (VOC) is reduced, and the production cost is also reduced.