The invention provides a steel wire gauze reinforced PVC transparent hose composition and a preparation process and application thereof, and belongs to the field of processing and application of highpolymer materials. The steel wire gauze reinforced PVC transparent hose composition is characterized by comprising the following components in parts by weight: 100 parts of high-polymerization-degreePVC resin, 100-110 parts of a composite plasticizer, 4.0-5.0 parts of a liquid calcium/zinc stabilizer, 0.20-0.30 part of lubricating agent stearic acid 1801, 0.20-0.30 part of an antioxidant 1010 and0.20-0.30 part of an antioxidant DLTP. The preparation process has the following steps: feeding blended materials into a double-screw extruder and extruding and granulating to obtain a steel wire gauze reinforced PVC transparent hose composition; and applying the composition to a steel wire wound PVC hose by a co-extrusion process to obtain a steel wire wound reinforced PVC transparent hose resisting the low temperature of minus 40 DEG C. The steel wire gauze reinforced PVC transparent hose prepared from the composition has the advantages of good flexibility even if the hose is used for a long time in an environment at the temperature of minus 40 DEG C, and the hose is good in gasoline extraction property, good in cracking resistance and long in service life.