A radial permanent magnetic suspension bearing, comprising: a horizontal shaft (2), a support bearing (4), and a radial permanent magnet suspension bearing (3); the permanent magnetic suspension bearing (3) comprises a stator pull-push magnet (31) disposed on a stator casing (1) via a permeability magnetic substrate (322), and a rotor pull-push magnet (32) disposed on the horizontal shaft (2) correspondingly via an annular permeability magnetic substrate (322), having a radial gap and forming an axial pull-push magnetic circuit with the stator pull-push magnet (31); wherein the rotor pull-push magnet (32) consists of two or more annual permanent magnets axially and closely fitting, with magnetic poles alternately arranged in the axial direction; the stator pull-push magnet (31) consists of two or more annular permanent magnets axially and closely fitting, with magnetic poles alternately arranged in the axial direction, disposed over the horizontal panel where the axle center of the horizontal shaft (2) is located, and being symmetrical about the perpendicular bisection plane of the horizontal shaft. The bearing has a simple structure and greatly reduces energy consumption, without wear or bearing maintenance.