The media bin has an export tool that permits turning any part of your clips into its own H.264 .mp4 file on your system. First, select a video you want to export.
Set In and Out points for your clip. If you want to export the full video, make sure the brackets enclose the entire timeline.
When you are ready to export your clip, click on the arrow icon next to the video’s name.
The double arrow button at the top of the interface turn blue and show a small progression bar as your clip is exporting.
Click on the button to view your transcoding queue. This will tell you how much time is left in your clip and the status of any other transcoded or exported video.