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That sounds much slower than my experience, but I usually export to Quicktime Photo JPEG or H.264 or sometimes MPEG 2 for DVDs. Granted I'm on a GPU accellerated i7 system. What are your settings that you have checked?
Max Render Quality?
To answer your last question, the codec used to render the timeline is set in sequence settings I believe. I'm on my laptop sans Premiere right now but it's either sequence settings or project settings, I'm pretty sure.
Is there a way to export what is "natively" rendered in the timeline?
Sometimes. There is limited Smart Rendering capability in PP, where the original or preview will simply be 'copied' to a new file without transcoding.
I'm not sure if PP is capable of doing that with QuickTime, though.
I think I didn't have "Use Previews" turned on, hence it was re-rendering everything.