diff --git a/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/actual.js b/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/actual.js
new file mode 100644
index 000000000..6091bf84a
--- /dev/null
+++ b/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/actual.js
@@ -0,0 +1,3 @@
+const a = "a";
+const b = "b";
+export { a, b };
diff --git a/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/babel.json b/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/babel.json
new file mode 100644
index 000000000..2104ca432
--- /dev/null
+++ b/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/babel.json
@@ -0,0 +1,3 @@
+{
+  "sourceType": "module"
+}
diff --git a/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/expected.js b/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/expected.js
new file mode 100644
index 000000000..81fa6ed97
--- /dev/null
+++ b/packages/babel-plugin-minify-constant-folding/__tests__/fixtures/export-specifier/expected.js
@@ -0,0 +1,3 @@
+const a = "a";
+const b = "b";
+export { a, b };
\ No newline at end of file
diff --git a/packages/babel-plugin-minify-constant-folding/src/index.js b/packages/babel-plugin-minify-constant-folding/src/index.js
index 8deadd3c2..727645696 100644
--- a/packages/babel-plugin-minify-constant-folding/src/index.js
+++ b/packages/babel-plugin-minify-constant-folding/src/index.js
@@ -102,7 +102,7 @@ module.exports = babel => {
 
       // TODO: look into evaluating binding too (could result in more code, but gzip?)
       Expression(path, { opts: { tdz = false } = {} }) {
-        const { node } = path;
+        const { node, parent } = path;
 
         if (node[seen]) {
           return;
@@ -116,6 +116,11 @@ module.exports = babel => {
           return;
         }
 
+        // Avoid replacing the values for identifiers in exports
+        if (t.isExportSpecifier(parent)) {
+          return;
+        }
+
         // -0 maybe compared via dividing and then checking against -Infinity
         // Also -X will always be -X.
         if (