Wind‐waves, tidal currents, and some other dynamic factors dominate the suspended sediment concentration (SSC) variations in shallow seas and it is difficult to quantitatively evaluate the effects of individual dynamic factors on SSC modulation. This work used the long‐term Moderate Resolution Imaging Spectroradiometer (MODIS) and the high temporal‐resolution Geostationary Ocean Color Imager (GOCI) remote sensing data to quantify the sea surface SSC variations on multiple timescales (intratidal, spring‐neap, seasonal, and long‐term timescales) in the Bohai Sea, and further quantitatively evaluated the effects of corresponding dynamic factors on the SSC modulation. The results indicated that the monsoon associated wind‐waves and stratification played the most important role in modulating SSC, with seasonal SSC variation of 8.1 mg/L in the Bohai Sea. The intratidal current variations played the secondary important role, causing SSC variation of 5.8 mg/L. The spring‐neap tidal current variations led to SSC variation of 3.1 mg/L in the Bohai Sea. In the long run (2003–2014), the SSC of the Bohai Sea decreased slightly with SSC variation of 2.8 mg/L (decline rate: 0.23 mg/L/year), which may be caused by the weakening wind, decreasing sediment load from the Yellow River or the massive reclamation in recent decades. Probably due to the topography, sea bed sediment grain size and river plume, SSC variations in the southern Bohai Sea were more pronounced than those in the northern Bohai Sea.