Widespread forest mortality has been observed in recent years which may be related to the forest water content. Changes in atmospheric demand for water (vapour pressure deficit, VPD) and soil moisture due to climate change affect plants in terrestrial ecosystems. Hence, it is crucial to determine the impact of variations in soil-atmosphere water content on forest water content to enhance our predictive capability of future forest dynamics. Here, we explored the dynamics of forest water content in the boreal forest (BFC) based on remote sensing Ku-band vegetation optical depth (VOD) data and found a declining trend from 1988 to 2016. The study revealed a strong negative correlation between VPD and VOD and the negative trend of BFC water content increased with increasing annual VPD. Further analysis found a negative correlation between monthly transpiration and VOD, and a positive correlation between canopy conductance and VOD. The relationship exhibited greater significance in regions characterized by a more rapid increase in VPD suggesting elevated VPD led to a higher transpiration, resulting in a decline in forest water content and subsequent plant physiological regulation. This occurred consistently in intact and managed boreal forest, implying common climatic drivers on a large scale. The decrease of annual mean VOD was slower in the intact boreal forest than in the managed forest, which may be due to the diversity and richness of the intact forest. The findings enhanced the understanding of the dynamics of forest water content under atmospheric drought caused by climate change, which requires the adoption of strategies to prevent forest mortality.