The invention discloses a composite polyester yarn dyed knitted fabric. The composite polyester yarn dyed knitted fabric comprises the following ingredients in parts by weight: 3-12 parts of wool, 5-10 parts of polyamide fibre, 6-13 parts of ladder yarn, 7-15 parts of ginning velvet, 2-11 parts of polyester/cotton yarn, 4-9 parts of circle yarn, 5-16 parts of cire satine, 11-16 parts of spandex covered fibre, 9-18 parts of elastic fabric, 4-11 parts of white stripe, 5-18 parts of jean, 7-13 parts of cotton yarn, 5-15 parts of feather yarn and 4-14 parts of neckline yarn. The fabric disclosed by the invention is bright in color, beautiful, harmonious in color, closely thick in texture, clear in weavy grain, strong in wool sense, similar to the style of wool tweed, and mainly applied to making a man and woman jackets, suits, wind coats, underwaists, skirts, cotton-padded jackets, garments for children and the like.