Is Export Track As Audio File Pre or Post Master Bus Processing?

[Maestro777]

May sound a bit trivial but I honestly never gave it a second thought until recently. When I select to Export a selected track(s) as an audio file I know there's the option whether or not to export including the plugin processing but I always believed that was for the plugins specific to the track(s) being exported.

But in reality, if I export in this manner and don't bypass the plugins does that mean the exported audio file will be with inclusion of a combination of the track plugins + the master buss plugins? Or is it just the plugins specific to the track(s) being exported?

In short the question I guess would be is the export of the audio occurring before the master bus or after???

Edited November 21 by Maestro777
Added more clarity to the question

[JakobP]

1 hour ago, Maestro777 said:

In short the question I guess would be is the export of the audio occurring before the master bus or after???

It's exported from the track channel strip, so before it is.

[David Nahmani]

If you want to consult the detailed audio signal flow diagram in Logic Pro, here it is: 

[Maestro777]

2 hours ago, David Nahmani said:

If you want to consult the detailed audio signal flow diagram in Logic Pro, here it is: 

Thank you @David Nahmani That is very useful info! 👍