East Asia (China, Japan, Koreas, and Mongolia) has been the world's economic engine over at least the past two decades, exhibiting a rapid increase in fossil fuel emissions of greenhouse gases (GHGs) and has expressed the recent ambition to achieve climate neutrality by mid‐century. However, the GHG balance of its terrestrial ecosystems remains poorly constrained. Here, we present a synthesis of the three most important long‐lived greenhouse gases (CO2, CH4, and N2O) budgets over East Asia during the decades of 2000s and 2010s, following a dual constraint approach. We estimate that terrestrial ecosystems in East Asia is close to neutrality of GHGs, with a magnitude of between −46.3 ± 505.9 Tg CO2eq yr−1 (the top‐down approach) and −36.1 ± 207.1 Tg CO2eq yr−1 (the bottom‐up approach) during 2000–2019. This net GHG sink includes a large land CO2 sink (−1229.3 ± 430.9 Tg CO2 yr−1 based on the top‐down approach and −1353.8 ± 158.5 Tg CO2 yr−1 based on the bottom‐up approach) being offset by biogenic CH4 and N2O emissions, predominantly coming from the agricultural sectors. Emerging data sources and modeling capacities have helped achieve agreement between the top‐down and bottom‐up approaches, but sizable uncertainties remain in several flux terms. For example, the reported CO2 flux from land use and land cover change varies from a net source of more than 300 Tg CO2 yr−1 to a net sink of ∼−700 Tg CO2 yr−1. Although terrestrial ecosystems over East Asia is close to GHG neutral currently, curbing agricultural GHG emissions and additional afforestation and forest managements have the potential to transform the terrestrial ecosystems into a net GHG sink, which would help in realizing East Asian countries' ambitions to achieve climate neutrality.