The invention discloses alkyd paint with excellent yellowing resistance and a preparation method of the alkyd paint. The alkyd paint is prepared from the following components in percentage by mass: 55-65% of alkyd resins, 1-5% of pigments, 1-3% of fillers, 0.5-1.5% of aids, 0.5-1.5% of a catalyst, 0.05-0.25% of a wetting agent, 0.05-0.25% of an anti-skining agent, 1.5-3.5% of antioxidant and 25-35% of a solvent. The preparation method comprises the following steps: adding alkyd resins into a mixer, stirring, adding aids, pigments, an antioxidant and fillers, stirring for 20-30 minutes, adding one of the solvents so as to obtain a mixture; adding the mixture into a grinding machine for grinding; adding a dryer, the wetting agent and the anti-skining agent into the ground mixture, stirring for 20-30 minutes, adding the residual solvents for adjusting the viscosity, stirring for 20-30 minutes, and packaging after detection qualification, so as to obtain the product. The alkyd paint disclosed by the invention has the advantages of high yellowing resistance, excellent overall performance and the like.