Export All Tracks as Audio Files…    ⇧⌘E

Export all audio, software instrument, and Drummer tracks as audio files. This command can be used to export effects buses as well — make sure the effects channel has a track created for it.

Fast and efficient way to create “stems” for sharing with others.

Export tracks as audio files in Logic Pro — Apple Support

You can export one or more selected tracks as audio files, or export all tracks (all audio, software instrument, and Drummer tracks) in a project as audio files—one file per track. When you export tracks as audio files, you can specify the naming of the audio files using filename elements.