[Problem] The present invention provides artificial leather including an entangled fiber mass of ultrafine fibers and a polymeric elastomer and having a wet feel and an elegant consistent appearance similar to those of natural nubuck leather, and also provides a production method therefor. [Means of solution] Accordingly, the artificial leather of the present invention is an artificial leather including an entangled fiber mass of ultrafine fibers having a monofilament fineness of 0.01 dtex or more and 0.50 dtex or less and a polymeric elastomer; wherein at least one surface is napped; the cross-sectional profile curve of the napped surface has an arithmetic mean height Pa of 26 µm or more and 100 µm or less; the arithmetic mean height Pa of the cross-sectional profile curve of the opposite surface is 20% or more and 80% or less of the cross-sectional roughness Pa of the napped side; the existence frequency of asperity peaks found in the cross-sectional profile curve of the napped surface is 1.8 or more and 20 or less per 1.0 mm; and a woven or knitted fabric lamination is present near the opposite surface at a depth position of 10% or more and 50% or less.