diff --git a/CHANGELOG.md b/CHANGELOG.md
index 52755a8a9d..e8f51603b9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,10 @@ This change log adheres to standards from [Keep a CHANGELOG](http://keepachangel
 ### Added
 * add [`hook-use-state`] rule to enforce symmetric useState hook variable names ([#2921][] @duncanbeevers)
 
+### Fixed
+* [`prop-types`], `propTypes`: add support for exported type inference ([#3163][] @vedadeepta)
+
+[#3163]: https://github.com/yannickcr/eslint-plugin-react/pull/3163
 [#2921]: https://github.com/yannickcr/eslint-plugin-react/pull/2921
 
 ## [7.28.0] - 2021.12.22
diff --git a/lib/util/ast.js b/lib/util/ast.js
index cea5682247..d8172289d8 100644
--- a/lib/util/ast.js
+++ b/lib/util/ast.js
@@ -320,13 +320,31 @@ function isTSInterfaceHeritage(node) {
 
 function isTSInterfaceDeclaration(node) {
   if (!node) return false;
-  const nodeType = node.type;
+  let nodeType = node.type;
+  if (node.type === 'ExportNamedDeclaration' && node.declaration) {
+    nodeType = node.declaration.type;
+  }
   return nodeType === 'TSInterfaceDeclaration';
 }
 
+function isTSTypeDeclaration(node) {
+  if (!node) return false;
+  let nodeType = node.type;
+  let nodeKind = node.kind;
+  if (node.type === 'ExportNamedDeclaration' && node.declaration) {
+    nodeType = node.declaration.type;
+    nodeKind = node.declaration.kind;
+  }
+  return nodeType === 'VariableDeclaration' && nodeKind === 'type';
+}
+
 function isTSTypeAliasDeclaration(node) {
   if (!node) return false;
-  const nodeType = node.type;
+  let nodeType = node.type;
+  if (node.type === 'ExportNamedDeclaration' && node.declaration) {
+    nodeType = node.declaration.type;
+    return nodeType === 'TSTypeAliasDeclaration' && node.exportKind === 'type';
+  }
   return nodeType === 'TSTypeAliasDeclaration';
 }
 
@@ -380,4 +398,5 @@ module.exports = {
   isTSFunctionType,
   isTSTypeQuery,
   isTSTypeParameterInstantiation,
+  isTSTypeDeclaration,
 };
diff --git a/lib/util/propTypes.js b/lib/util/propTypes.js
index 7cd4e2ab7b..de1e01421a 100644
--- a/lib/util/propTypes.js
+++ b/lib/util/propTypes.js
@@ -547,6 +547,30 @@ module.exports = function propTypesInstructions(context, components, utils) {
     if (node.right) return getRightMostTypeName(node.right);
   }
 
+  /**
+   * Returns true if the node is either a interface or type alias declaration
+   * @param {ASTNode} node
+   * @return {boolean}
+   */
+  function filterInterfaceOrTypeAlias(node) {
+    return (
+      astUtil.isTSInterfaceDeclaration(node) || astUtil.isTSTypeAliasDeclaration(node)
+    );
+  }
+
+  /**
+   * Returns true if the interface or type alias declaration node name matches the type-name str
+   * @param {ASTNode} node
+   * @param {string} typeName
+   * @return {boolean}
+   */
+  function filterInterfaceOrAliasByName(node, typeName) {
+    return (
+      (node.id && node.id.name === typeName)
+      || (node.declaration && node.declaration.id && node.declaration.id.name === typeName)
+    );
+  }
+
   class DeclarePropTypesForTSTypeAnnotation {
     constructor(propTypes, declaredPropTypes) {
       this.propTypes = propTypes;
@@ -644,19 +668,22 @@ module.exports = function propTypesInstructions(context, components, utils) {
        * From line 577 to line 581, and line 588 to line 590 are trying to handle typescript-eslint-parser
        * Need to be deprecated after remove typescript-eslint-parser support.
        */
-      const candidateTypes = this.sourceCode.ast.body.filter((item) => item.type === 'VariableDeclaration' && item.kind === 'type');
-      const declarations = flatMap(candidateTypes, (type) => type.declarations);
+      const candidateTypes = this.sourceCode.ast.body.filter((item) => astUtil.isTSTypeDeclaration(item));
+
+      const declarations = flatMap(
+        candidateTypes,
+        (type) => type.declarations || (type.declaration && type.declaration.declarations) || type.declaration);
 
       // we tried to find either an interface or a type with the TypeReference name
       const typeDeclaration = declarations.filter((dec) => dec.id.name === typeName);
 
       const interfaceDeclarations = this.sourceCode.ast.body
-        .filter(
-          (item) => (astUtil.isTSInterfaceDeclaration(item)
-                      || astUtil.isTSTypeAliasDeclaration(item))
-                        && item.id.name === typeName);
+        .filter(filterInterfaceOrTypeAlias)
+        .filter((item) => filterInterfaceOrAliasByName(item, typeName))
+        .map((item) => (item.declaration || item));
+
       if (typeDeclaration.length !== 0) {
-        typeDeclaration.map((t) => t.init).forEach(this.visitTSNode, this);
+        typeDeclaration.map((t) => t.init || t.typeAnnotation).forEach(this.visitTSNode, this);
       } else if (interfaceDeclarations.length !== 0) {
         interfaceDeclarations.forEach(this.traverseDeclaredInterfaceOrTypeAlias, this);
       } else {
diff --git a/tests/lib/rules/prop-types.js b/tests/lib/rules/prop-types.js
index 9e39620178..f06bfcaf83 100644
--- a/tests/lib/rules/prop-types.js
+++ b/tests/lib/rules/prop-types.js
@@ -3248,6 +3248,19 @@ ruleTester.run('prop-types', rule, {
       `,
       features: ['ts', 'no-babel'],
     },
+    {
+      code: `
+        import React from 'react';
+
+        export interface PersonProps {
+            username: string;
+        }
+        const Person: React.FC<PersonProps> = (props): React.ReactElement => (
+            <div>{props.username}</div>
+        );
+      `,
+      features: ['ts', 'no-babel'],
+    },
     {
       code: `
         import React from 'react';
@@ -3411,6 +3424,21 @@ ruleTester.run('prop-types', rule, {
       `,
       features: ['ts', 'no-babel'],
     },
+    {
+      code: `
+          import React from 'react'
+
+          export interface Props {
+          age: number
+          }
+          const Hello: React.VoidFunctionComponent<Props> = function Hello(props) {
+          const { age } = props;
+
+          return <div>Hello {age}</div>;
+          }
+      `,
+      features: ['ts', 'no-babel'],
+    },
     {
       code: `
         import React, { ForwardRefRenderFunction  as X } from 'react'
@@ -3423,6 +3451,18 @@ ruleTester.run('prop-types', rule, {
       `,
       features: ['ts', 'no-babel'],
     },
+    {
+      code: `
+        import React, { ForwardRefRenderFunction  as X } from 'react'
+
+        export type IfooProps = { e: string };
+          const Foo: X<HTMLDivElement, IfooProps> = function Foo (props, ref) {
+          const { e } = props;
+          return  <div ref={ref}>hello</div>;
+        };
+      `,
+      features: ['ts', 'no-babel'],
+    },
     {
       code: `
         import React, { ForwardRefRenderFunction } from 'react'
@@ -3564,6 +3604,72 @@ ruleTester.run('prop-types', rule, {
           }),
         };
       `,
+    },
+    {
+      code: `
+        import React, { forwardRef } from "react";
+  
+        export type Props = { children: React.ReactNode; type: "submit" | "button" };
+
+        export const FancyButton = forwardRef<HTMLButtonElement, Props>((props, ref) => (
+          <button ref={ref} className="MyClassName" type={props.type}>
+            {props.children}
+          </button>
+        ));
+      `,
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React, { forwardRef } from "react";
+
+        export type X = { num: number };
+        export type Props = { children: React.ReactNode; type: "submit" | "button" } & X;
+
+        export const FancyButton = forwardRef<HTMLButtonElement, Props>((props, ref) => (
+          <button ref={ref} className="MyClassName" type={props.type} num={props.num}>
+            {props.children}
+          </button>
+        ));
+      `,
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React, { forwardRef } from "react";
+
+        export interface IProps {
+          children: React.ReactNode;
+          type: "submit" | "button"
+        }
+
+        export const FancyButton = forwardRef<HTMLButtonElement, IProps>((props, ref) => (
+          <button ref={ref} className="MyClassName" type={props.type}>
+            {props.children}
+          </button>
+        ));
+      `,
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React, { forwardRef } from "react";
+
+        export interface X {
+          num: number
+        }
+        export interface IProps extends X {
+          children: React.ReactNode;
+          type: "submit" | "button"
+        }
+
+        export const FancyButton = forwardRef<HTMLButtonElement, IProps>((props, ref) => (
+          <button ref={ref} className="MyClassName" type={props.type} num={props.num}>
+            {props.children}
+          </button>
+        ));
+      `,
+      features: ['ts', 'no-babel'],
     }
   )),
 
@@ -7336,6 +7442,140 @@ ruleTester.run('prop-types', rule, {
         },
       ],
       features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React, { forwardRef } from "react";
+  
+        export type Props = { children: React.ReactNode; type: "submit" | "button" };
+
+        export const FancyButton = forwardRef<HTMLButtonElement, Props>((props, ref) => (
+          <button ref={ref} className="MyClassName" type={props.nonExistent}>
+            {props.children}
+          </button>
+        ));
+      `,
+      errors: [
+        {
+          messageId: 'missingPropType',
+          data: { name: 'nonExistent' },
+        },
+      ],
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React, { forwardRef } from "react";
+  
+        export interface IProps { children: React.ReactNode; type: "submit" | "button" };
+
+        export const FancyButton = forwardRef<HTMLButtonElement, IProps>((props, ref) => (
+          <button ref={ref} className="MyClassName" type={props.nonExistent}>
+            {props.children}
+          </button>
+        ));
+      `,
+      errors: [
+        {
+          messageId: 'missingPropType',
+          data: { name: 'nonExistent' },
+        },
+      ],
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React from 'react';
+
+        export interface PersonProps {
+            username: string;
+        }
+        const Person: React.FC<PersonProps> = (props): React.ReactElement => (
+            <div>{props.nonExistent}</div>
+        );
+      `,
+      errors: [
+        {
+          messageId: 'missingPropType',
+          data: { name: 'nonExistent' },
+        },
+      ],
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React, { FC } from 'react';
+
+        export interface PersonProps {
+            username: string;
+        }
+        const Person: FC<PersonProps> = (props): React.ReactElement => (
+            <div>{props.nonExistent}</div>
+        );
+      `,
+      errors: [
+        {
+          messageId: 'missingPropType',
+          data: { name: 'nonExistent' },
+        },
+      ],
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React, { FC as X } from 'react';
+
+        export interface PersonProps {
+            username: string;
+        }
+        const Person: X<PersonProps> = (props): React.ReactElement => (
+            <div>{props.nonExistent}</div>
+        );
+      `,
+      errors: [
+        {
+          messageId: 'missingPropType',
+          data: { name: 'nonExistent' },
+        },
+      ],
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React, { ForwardRefRenderFunction  as X } from 'react'
+
+        export type IfooProps = { e: string };
+        const Foo: X<HTMLDivElement, IfooProps> = function Foo (props, ref) {
+          const { nonExistent } = props;
+          return  <div ref={ref}>hello</div>;
+        };
+      `,
+      errors: [
+        {
+          messageId: 'missingPropType',
+          data: { name: 'nonExistent' },
+        },
+      ],
+      features: ['ts', 'no-babel'],
+    },
+    {
+      code: `
+        import React from 'react';
+
+        export interface PersonProps {
+            username: string;
+        }
+        const Person: React.VoidFunctionComponent<PersonProps> = (props): React.ReactElement => (
+            <div>{props.nonExistent}</div>
+        );
+      `,
+      errors: [
+        {
+          messageId: 'missingPropType',
+          data: { name: 'nonExistent' },
+        },
+      ],
+      features: ['ts', 'no-babel'],
     }
   )),
 });