The present disclosure provides a method for co-extraction of vanadium, titanium and chromium from vanadium slag. The method selectively reduces pyroxene and fayalite wrapped on spinel through low-temperature hydrogen reduction, iron removal by ferric chloride, and low-temperature leaching of the vanadium slag by oxalic acid, thereby destroying a structure of the spinel, dissociating a spinel phase and a silicate phase, and fully exposing the spinel phase. The method also directly leaches the vanadium slag at a low temperature by acidity and strong complexation of the oxalic acid, and destroys the structure of the spinel, such that vanadium, titanium, chromium and oxalate are complexed into a solution to co-extract vanadium, titanium and chromium. The present disclosure extracts vanadium, titanium and chromium from the vanadium slag, with a leaching rate each being greater than 99%.