PURPOSE: An external use skin composition using horse placental extract is provided to ensure skin whitening, skin moisturizing and treatment of atopic dermatitis. CONSTITUTION: An external use skin composition for skin whitening contains horse placental extract or Crinum asiaticum leaf extract as an active ingredient. The horse placental extract is a extracted obtained by: acid hydrolysis of horse placental villus and neutralizing; hydrolysis of protease; or immersing horse placental villus in water, ethanol or mixture thereof. An external use skin composition for skin moisturizing contains horse placental extract or Crinum asiaticum var. japonicum leaf extract as an active ingredient.본 발명은 말 태반 추출물을 이용한 피부 외용제 조성물에 관한 것이다. 구체적으로 말 태반 추출물을 이용한 피부 미백, 피부 보습 및 아토피성 피부염 개선 활성을 갖는 피부 외용제 조성물에 관한 것이다.