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To export a smaller file size in Premiere Pro, click on the designated button and change the format from h.264 to h.265 for higher quality in the same file size. Set the file location and name, then select Match source in the video tab for correct settings. Enable two boxes in the more menu, adjust performance to high, and choose vbr1 pass for bitrate encoding to achieve a small file size with high quality. Reduce the bitrate to your desired level, keeping an eye on the estimated file size.
