The invention relates to a water-base printing ink and its producing method, especially water-base high light friction resistance gravure oil and the producing method thereof. The oil is suitable for packing print in the soft packing field such as food, drink, medicine, health products, chemicals and etc. The water-base high light friction resistance gravure oil is composed of acrylic resin, acrylic emulsion, dye, ethanol, built-up agent, dispersant, deionized water, water-base emulsifying wax, antifoamer, leveling agent. The inventive product completely meets the requirement of the gravure oil, has a reliable quality and can replace the solvent gravure oil, which can be dilute by the tap water of ethanol. The printing device can be washed directly by the tap water. The product has a high concentration, a low viscosity, a good printing adaptability has no harm to the environment and human body. The presswork has a clear pattern, a bright color, a powerful attached fastness, a good water resistance and friction resistance, has no harmful residue after drying and is not easy to fade and shed.