A method for producing a hollow engine valve is disclosed which involves gradually reducing the size of the outer diameter and inner diameter of a hollow shaft of a semi-finished product sequentially inserting the hollow shaft into a plurality of molding holes having different hole shapes so as to gradually extend the length of the hollow shaft, and forming the hollow shaft into a predetermined shape by sequentially performing a drawing process. The semi-finished product is subjected to heat treatment such that the hardness thereof is equal to or less than a predetermined hardness, and the maximum thickness between the hollow shaft and an umbrella portion connected to the bottom edge of the hollow shaft is formed to be thicker than the thickness of the hollow shaft by means of a molding hole of a die which is adjusted to have a specific length and maximum inner diameter.