Understanding the changes in regional droughts is important for promoting overall sustainable development. However, the spatiotemporal dynamics of soil droughts in Guangxi under the background of global warming and regional vegetation restoration have not been studied extensively, and the potential causes are scarcely understood. Here, using TerraClimate soil moisture data, we constructed a monthly standardized soil moisture index (SSMI), analyzed the seasonal and annual spatiotemporal distribution of droughts from the perspective of soil moisture, and studied past soil drought events in Guangxi. Migration methods of drought centroid, trend analysis, and principal component decomposition were used. In the interannual dynamics, the overall SSMI increased, indicating that the soil drought situation was gradually alleviated in Guangxi. Further, the frequency of extreme and severe droughts decreased with time, mainly in autumn and winter. During early drought stages, the migration path was short, which extended as the droughts progressed. Ocean temperature and soil moisture were strongly correlated, indicating that abnormal ocean surface temperature may drive soil moisture. This study provides scientific guidance for the early warning, prevention, and mitigation of losses associated with soil droughts in Guangxi and serves as valuable reference for understanding the impacts of large-scale climate anomalies on soil moisture.