diff --git a/packages/babel-helper-hoist-variables/package.json b/packages/babel-helper-hoist-variables/package.json
index 590da1c08b92..ab0f2758f30b 100644
--- a/packages/babel-helper-hoist-variables/package.json
+++ b/packages/babel-helper-hoist-variables/package.json
@@ -13,7 +13,9 @@
     "access": "public"
   },
   "main": "lib/index.js",
+  "TODO": "The @babel/traverse dependency is only needed for the NodePath TS type. After converting @babel/core to TS we can import NodePath from there.",
   "dependencies": {
+    "@babel/traverse": "workspace:^7.12.17",
     "@babel/types": "workspace:^7.12.13"
   }
 }
diff --git a/packages/babel-helper-hoist-variables/src/index.js b/packages/babel-helper-hoist-variables/src/index.ts
similarity index 57%
rename from packages/babel-helper-hoist-variables/src/index.js
rename to packages/babel-helper-hoist-variables/src/index.ts
index f69cac4f6e2e..c920b188ae31 100644
--- a/packages/babel-helper-hoist-variables/src/index.js
+++ b/packages/babel-helper-hoist-variables/src/index.ts
@@ -1,20 +1,36 @@
 import * as t from "@babel/types";
+import type { NodePath } from "@babel/traverse";
+
+export type EmitFunction = (
+  id: t.Identifier,
+  idName: string,
+  hasInit: boolean,
+) => any;
+
+type State = {
+  kind: "var" | "let";
+  emit: EmitFunction;
+};
+
+type Unpacked<T> = T extends (infer U)[] ? U : T;
 
 const visitor = {
-  Scope(path, state) {
+  Scope(path: NodePath, state: State) {
     if (state.kind === "let") path.skip();
   },
 
-  Function(path) {
+  Function(path: NodePath) {
     path.skip();
   },
 
-  VariableDeclaration(path, state) {
+  VariableDeclaration(path: NodePath<t.VariableDeclaration>, state: State) {
     if (state.kind && path.node.kind !== state.kind) return;
 
     const nodes = [];
 
-    const declarations: Array<Object> = path.get("declarations");
+    const declarations: ReadonlyArray<
+      NodePath<Unpacked<t.VariableDeclaration["declarations"]>>
+    > = path.get("declarations");
     let firstId;
 
     for (const declar of declarations) {
@@ -42,6 +58,10 @@ const visitor = {
   },
 };
 
-export default function (path, emit: Function, kind: "var" | "let" = "var") {
+export default function hoistVariables(
+  path: NodePath,
+  emit: EmitFunction,
+  kind: "var" | "let" = "var",
+) {
   path.traverse(visitor, { kind, emit });
 }
diff --git a/yarn.lock b/yarn.lock
index df8b8b9ab390..04958e1a4608 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -537,6 +537,7 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@babel/helper-hoist-variables@workspace:packages/babel-helper-hoist-variables"
   dependencies:
+    "@babel/traverse": "workspace:^7.12.17"
     "@babel/types": "workspace:^7.12.13"
   languageName: unknown
   linkType: soft