Not necessarily. While both machines use hydraulic oil, they have different viscosity and additive requirements:
Forklifts typically use ISO VG 32 or 46 hydraulic oil, depending on operating temperature and manufacturer specifications.
Excavators usually require ISO VG 46 or 68, with higher viscosity for hot climates or heavy digging applications.
Always use the oil grade specified in each machine's manual. Using oil with the wrong viscosity — too thin in excavators or too thick in forklifts — can cause pump wear, poor performance, or cold-start issues. If you want to use a single oil across your fleet, choose the grade that meets the most demanding specification and confirm compatibility with all equipment manuals.