A hydrate solid-state fluidization mining method and system under an underbalanced reverse circulation condition are used for solid-state fluidization mining on a non-rock-forming weak-cementation natural gas hydrate layer in the ocean. Equipment includes a ground equipment system and an underwater equipment system. The construction procedure includes an earlier-stage construction process, pilot hole drilling construction process, reverse circulation jet fragmentation process, underbalanced reverse circulation fragment recovery process and silt backfilling process. Natural gas hydrates in the seafloor are mined through an underbalanced reverse circulation method. Problems such as shaft safety, production control and environmental risks faced by conventional natural gas hydrate mining methods such as depressurization, heat injection, agent injection and replacement are effectively solved. By using the method, the weak-cementation non-rock-forming natural gas hydrates in the seafloor can be mined in environment-friendly, efficient, safe and economical modes, more energy resources can be provided, and energy shortage dilemmas are solved.