They are not isomorphic.
In what follows, $\bigoplus$ and $\prod$ will denote direct sums or
products of copies of groups indexed by $\mathbb{N}$, and $e_{n}$ will
denote the element of $\prod\mathbb{Z}$ whose $n$th coordinate is $1$,
with all other coordinates zero.
I will show that there is no surjective homomorphism $\bigoplus\prod\mathbb{Z}\to\prod\bigoplus\mathbb{Z}$.
An abelian group $G$ is called slender if, for every homomorphism
$\alpha:\prod\mathbb{Z}\to G$, $\alpha(e_{n})=0$ for all but finitely
many $n$. The following properties of slender groups are standard
(see, for example, Section 13.2 of Fuchs's 2015 book Abelian
Groups).
$\mathbb{Z}$ is slender (this is just the well-known theorem of
Specker).
(Infinite) direct sums of slender groups are slender. So in particular
$\bigoplus\mathbb{Z}$ is slender.
The image of any homomorphism from $\prod\mathbb{Z}$ to a slender
group is a finite rank free abelian group.
So for any homomorphism
$\alpha:\prod\mathbb{Z}\to\bigoplus\mathbb{Z}$, there is some $n$ such
that the image of $\alpha$ contains only elements of
$\bigoplus\mathbb{Z}$ whose $m$th coordinates are zero for $m\geq
n$. Call the least such $n$ the type of $\alpha$.
A homomorphism $\beta:\prod\mathbb{Z}\to\prod\bigoplus\mathbb{Z}$ consists
of a sequence of homomorphisms
$\beta_{i}:\prod\mathbb{Z}\to\bigoplus\mathbb{Z}$. If $\beta_{i}$ has
type $n_{i}$, we'll say that $\beta$ has type $(n_{0},n_{1},n_{2},\dots)$.
A homomorphism
$\gamma:\bigoplus\prod\mathbb{Z}\to\prod\bigoplus\mathbb{Z}$ consists
of a sequence of homomorphisms
$\gamma_{i}:\prod\mathbb{Z}\to\prod\bigoplus\mathbb{Z}$.
Suppose $\gamma_{i}$ has type $(n_{i,0},n_{i,1},n_{i,2},\dots)$. Then
every element of the image of $\gamma$, considered as an
$\mathbb{N}\times\mathbb{N}$ matrix with finitely supported rows, has
the following property:
- There is some $k\in\mathbb{N}$ such that, for every $j$, the $m$th
coordinates of the $j$th row are zero for
$$m\geq\max(n_{0,j},n_{1,j},\dots,n_{k,j}).$$
But one can easily construct elements of $\prod\bigoplus\mathbb{Z}$
that do not have this property, and so $\gamma$ cannot be
surjective, and in particular cannot be an isomorphism. For example, take an $\mathbb{N}\times\mathbb{N}$ matrix
where the $j$th row has a single nonzero entry, in the $N_{j}$th
column, where $N_{j}=\max(n_{0,j},n_{1,j},\dots,n_{j,j})$.
In fact, something more general is true. Contained in Corollary 3 of
Zimmermann-Huisgen, Birge, On Fuchs’ problem 76, J. Reine Angew. Math. 309, 86-91 (1979). ZBL0408.20038.
is the fact that the groups
$\bigoplus\mathbb{Z},\;\prod\mathbb{Z},\;\bigoplus\prod\mathbb{Z},\;\prod\bigoplus\mathbb{Z},\;\bigoplus\prod\bigoplus\mathbb{Z},\;\prod\bigoplus\prod\mathbb{Z},\dots$ are pairwise nonisomorphic.