The present invention discloses an article exchange system based on a storage cabinet and an exchange method thereof. The article exchange system comprises clients, a server and the storage cabinet, the clients communicate with the server through the network, the server communicates with the storage cabinet through the network, and the server comprises a user module, an exchange module and a database; The exchange method comprises the steps that a publisher publishes exchange requirement detailed information to storage cabinet associated users selected by the publisher, the corresponding user participates in the article exchange, the both sides confirm the exchange, the both sides send articles, and the both sides take the articles. Specific exchange information can be actively pushed to specific users, and the article exchange system is more targeted. Required exchange information is pushed to the users having the requirements, the exchange is likely to succeed, and exchange success rates are increased.