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In today's tutorial, we will learn how to reduce the file size of an Excel file from around 16.4 MB to less than 50 KB. The key is to ensure the file is in tabular format with no empty cells in the top rows or right side. By saving the CSV file as an Excel file through File > Save As, the file size can be significantly reduced to 3.18 MB. This process can be applied to any similar data set in Excel.