Ans. The primary differences between the balance of trade and current account balance are –(1) BoT is the difference between the values of export and imports in a country. At the same time, the current account balance is the difference between the amount of import and export goods, services and unilateral transfer of a country, (2) Balance of transfer ideally deals with exports and imports; on the other hand, current account balance deals with unilateral transfer and services of a country, (3) Moreover, the balance of transfer records information on visible items or goods while current account balance keeps track of both visible and invisible things.