Forest ecosystems, as the primary component of terrestrial ecosystems, provide essential ecosystem services (ESs) critical for sustainable human development. However, changes in climate and vegetation can alter these forest ESs. Understanding the complex relationships between regional climate, vegetation, and ESs is key to ensuring the sustainable management of forest ESs. Therefore, this study, using Baishanzu National Park as a case example, analyzed the impacts of regional climate and vegetation dynamics (vegetation coverage, forest type, and forest structure) on forest ESs, specifically water yield (WY), soil conservation (SC), net primary productivity (NPP), and habitat quality (HQ). The results indicate that from 2000 to 2020, the forest Composite Index of Ecosystem Services (CIES) in Baishanzu National Park increased. Climate and vegetation dynamics have significant effects on forest ESs. Specifically, changes in WY and SC are primarily influenced by climate change, while changes in NPP and HQ are mainly affected by changes in forest type and structure. Complex trade-offs and synergies exist among different ESs, and the driving mechanisms of climate and vegetation changes on ES variations are also complex, involving both direct and indirect effects, with significant spatial heterogeneity. This study provides important references for the sustainable management and appropriate restoration of regional forest ESs.