The spatio-temporal dynamics of the solar magnetic field has been investigated by using NSO/Kitt Peak magnetic synoptic maps covering the period 1976 August-2003 September. The field radial component, for each heliographic latitude, has been decomposed in intrinsic mode functions through the Empirical Mode Decomposition in order to investigate the time evolution of the various characteristic oscillating modes at different latitudes. The same technique has also been applied on synoptic maps of the meridional and east-west components, which were derived from the observed line-of-sight projection of the field by using the differential rotation. Results obtained for the ∼22 yr cycle, related to the polarity inversions of the large-scale dipolar field, show an antisymmetric behavior with respect to the equator in all the field components and a marked poleward flux migration in the radial and meridional components (from about −35 • and +35 • in the southern and northern hemispheres, respectively). The quasi-biennial oscillations (QBOs) are also identified as a fundamental timescale of variability of the magnetic field and associated with poleward magnetic flux migration from low latitudes around the maximum and descending phase of the solar cycle. Moreover, signs of an equatorward drift, at a ∼2 yr rate, seem to appear in the radial and toroidal components. Hence, the QBO patterns suggest a link to a dynamo action. Finally, the high-frequency component of the magnetic field, at timescales less than 1 yr, provides the most energetic contribution and it is associated with the outbreaks of the bipolar regions on the solar surface.