Exporting to or importing from Excel in Outlook 2013 and Outlook 2016

In previous versions of Outlook, I regularly exported some of my Outlook Calendar, Contacts and Mail data to Excel files to work with it from there or imported data into Outlook from Excel. You also have some Import/Export tips which involve Excel.

However, now that I’ve upgraded to Outlook 2016, the option to import from or export to an Excel file is no longer available.

Why has it been taken away and what is the alternative now?