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To export a smaller video file size in Premiere Pro, click on the button inside the program. Change the format from h.264 to h265 for higher quality. Set the file location and name, then adjust the settings in the video tab to Match source. Enable the necessary boxes and select Hardware encoding for better performance. Set the bitrate encoding to vbr1 pass for a smaller file size and high quality. Finally, reduce the bitrate to lower the estimated file size.
