The invention provides an elliptical perforated face outward-bending yielding type energy dissipater and a manufacturing method thereof. The elliptical perforated face outward-bending yielding type energy dissipater comprises a top plate, elliptical perforated energy dissipation plates and a bottom plate. The elliptical perforated energy dissipation plates are stacked in parallel at intervals. The elliptical perforated face outward-bending yielding type energy dissipater is simple in structure, convenient to construct and good in energy dissipation performance, and can provide enough initial stiffness during small earthquake action, dissipate energy input by earthquakes during major earthquake action and protect a body structure against damage. The energy dissipater can be applied to new buildings and can be applied to reinforcement and reconstruction of existing buildings.