Abstract: The present invention provides a method and an apparatus for producing radially oriented ring magnet. The problem it solved is to uniformly orient the magnet powder in the process of producing, and also to get relatively large oriented magnetic field strength, so as to increase the performance and uniformity of the radial ring. The method of forming a radially oriented ring magnet, is to position magnetic powder into a ring mold, using an oriented magnetic field to orient the magnetic powder in the ring mold along the radius or diameter direction, wherein the oriented magnetic field is distributed discretely 360° around the ring mold, and during the forming process the oriented magnetic field and the magnetic powder have relative rotation.