The invention belongs to the field of function materials and particularly relates to an amorphous-nanocrystalline composite magnetic power core and a production method thereof. The amorphous-nanocrystalline composite magnetic power core is mainly made of iron-based amorphous powder, iron-based nanocrystalline powder, organic binder, and insulating agent. The insulating agent is a mixture of inorganic oxide, carbide and nitride. The organic binder and the insulating agent account for 0.5-2wt% and 0.5-4wt% of total weight of the two powders respectively. The production method includes: amorphous strip embrittlement, mechanical breaking for powdering, screening, passivation and insulation coating, die pressing, and heat treatment. The amorphous-nanocrystalline composite magnetic power core has excellent soft magnetic properties, thermal stability and mechanical strength under medium and high frequencies, and can be massively used for various inductive components, such as filters, current regulators and energy storage components, on various switch power modules.