MXF stand for Material Exchange Format which is broadly used format that is used by Panasonic, Sony and Canon High end professional camcorders. The footages recorded with this camcorder are in MXF format. It preserves the file structure components and therefore it has the ability to conserve high quality videos with least compression that are extensively used by cameraman and manufacturers. However with MXF file format we have one issue as it does not work properly on Final Cut Pro X/7/6.

Also read: Convert Sony MXF to AVI, MOV, MP4 file