The invention discloses a micro-foaming polyamide magnetic plastic based on organic fluorine modification and a preparation method, wherein the magnetic plastic is prepared from a basic raw material and an additive raw material, the basic raw material is composed of the following raw material components: PA resin, a CO2-philic additive, phenolic hydroxyl group-containing resin and a filler; the added raw materials comprise the following components: a compatilizer, a nucleating agent, a foaming agent and other auxiliaries, and the CO2-philic additive is added to regulate and control dissolution and diffusion of CO2 in a PA resin matrix, reduce gas escape, improve the utilization rate of the foaming agent and save the material cost; the phenolic hydroxyl-containing resin is added to reduce the water absorption of the PA resin, so that the defects of poor product size stability, poor surface quality, poor foaming effect, reduced mechanical property and the like caused by high water absorption of the PA composite material are overcome; due to the addition of the magnetic powder, the PA plastic is endowed with magnetic performance, so that the PA plastic becomes a novel polymer functional material, and the application range of the micro-foaming PA composite material in the fields of automobiles, electronics, electrics and the like is further expanded.