exFAT vs. FAT32 Comparison

Feature FAT32 exFAT
Maximum Volume Size 8 TB * 128 PB
Maximum File Size 4 GB 16 EB
Maximum Cluster Size 32 KB ** 32 MB
Maximum Cluster Count 228 232
Maximum File Name Length 255 255
Date/Time resolution 2 s 10 ms
MBR Partition Type Identifier 0x0B, 0x0C 0x07

* Windows cannot format FAT32 volumes bigger than 32GB, though itsupports larger volumes created by third party implementations; 16 TB is the maximum volume size if formatted with 64KB cluster

** According to Microsoft KB184006 clusters cannot be 64KB or larger, though some third party implementations support up to 64KB.