Hi @Trung Nguyen
As you already know, “On My Computer” folder is stored inside Outlook’s local data file and is not synced to any email server.
When you import local mail .olm file, Outlook copies that data into its local storage. This means the imported mail takes up about the same amount of disk space again.
So, if you already have 1 TB of local mail and you import another 1 TB, Outlook needs enough disk space to hold both.
After the import is complete and you have verified the data is present in Outlook, you can delete the .olm file to free up disk space. (Only do this if you no longer need the .olm file as a backup.)
One more quick check, from this article, Outlook Home & Business 2024 does not support Legacy Outlook (which means no Import/Export feature), do you have any other subscription/ license that support it?
This Import/Export feature on New Outlook Mac will be rolled out starting from June 2026. Click here for more details.
I hope this information helps. Please let me know if you need anything else.
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