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In this tutorial, the process of reducing the file size of an Excel file from around 16.4 MB to less than 50 KB is explained. The file should be in tabular format with rows and columns filled, without any blanks in the top rows or on the right. By saving the CSV file as an Excel file, the file size can be reduced significantly, in this case from 16.4 MB to 3.18 MB. This simple step can help in achieving a much smaller file size for easier storage and sharing.