diff --git a/README.md b/README.md
index 36fc6c5..44aaf7f 100644
--- a/README.md
+++ b/README.md
@@ -58,6 +58,10 @@ Instead of emitting new TypeScript declarations, this will throw an error if a g
 
 This workflow is similar to using the [Prettier](https://github.com/prettier/prettier) [`--list-different` option](https://prettier.io/docs/en/cli.html#list-different).
 
+### Named Exports
+
+If using the `namedExports` option of `css-loader` then you can enable the same option in this loader. This can improve tree shaking and reduce bundled JavaScript size by dropping the original class names.
+
 ## With Thanks
 
 This package borrows heavily from [typings-for-css-modules-loader](https://github.com/Jimdo/typings-for-css-modules-loader).
diff --git a/index.js b/index.js
index c1df2d3..c54d4c8 100644
--- a/index.js
+++ b/index.js
@@ -7,6 +7,7 @@ const bannerMessage =
   '// This file is automatically generated.\n// Please do not change this file!';
 
 const cssModuleExport = 'export const cssExports: CssExports;\nexport default cssExports;\n';
+const cssNamedModuleExport = 'export const cssExports: CssExports;\nexport = cssExports;\n';
 
 const getNoDeclarationFileError = ({ filename }) =>
   new Error(
@@ -64,19 +65,34 @@ const makeFileHandlers = filename => ({
     fs.writeFile(filename, content, { encoding: 'utf-8' }, handler)
 });
 
-const extractLocalExports = (content) => {
-  let localExports = content.split('exports.locals')[1];
+function* extractLocalExports(content) {
+  let localExports = content.split('exports.locals = {')[1];
   if (!localExports) {
-    localExports = content.split('___CSS_LOADER_EXPORT___.locals')[1];
+    localExports = content.split('___CSS_LOADER_EXPORT___.locals = {')[1];
+  }
+  if (localExports) {
+    // // Exports
+    // ___CSS_LOADER_EXPORT___.locals = {
+    //   "class": `class__file`,
+    const keyRegex = /"([^\\"]+)":/g;
+    let match;
+    while ((match = keyRegex.exec(localExports))) {
+      yield match[1];
+    }
+  } else {
+    // export { _1 as "class" };
+    const keyRegex = /export { [_a-z0-9]+ as ("[^\\"]+") }/g;
+    while ((match = keyRegex.exec(content))) {
+      yield JSON.parse(match[1]);
+    }
   }
-  return localExports;
 }
 
 module.exports = function(content, ...rest) {
   const { failed, success } = makeDoneHandlers(this.async(), content, rest);
 
   const filename = this.resourcePath;
-  const { mode = 'emit' } = loaderUtils.getOptions(this) || {};
+  const { mode = 'emit', namedExports = false } = loaderUtils.getOptions(this) || {};
   if (!validModes.includes(mode)) {
     return failed(new Error(`Invalid mode option: ${mode}`));
   }
@@ -84,19 +100,16 @@ module.exports = function(content, ...rest) {
   const cssModuleInterfaceFilename = filenameToTypingsFilename(filename);
   const { read, write } = makeFileHandlers(cssModuleInterfaceFilename);
 
-  const keyRegex = /"([^\\"]+)":/g;
-  let match;
   const cssModuleKeys = [];
-
-  const localExports = extractLocalExports(content);
-
-  while ((match = keyRegex.exec(localExports))) {
-    if (cssModuleKeys.indexOf(match[1]) < 0) {
-      cssModuleKeys.push(match[1]);
+  for (const key of extractLocalExports(content)) {
+    // Do you really need this existence check?
+    if (cssModuleKeys.indexOf(key) < 0) {
+      cssModuleKeys.push(key);
     }
   }
 
-  const cssModuleDefinition = `${bannerMessage}\n${cssModuleToInterface(cssModuleKeys)}\n${cssModuleExport}`;
+  const exportsDeclaration = namedExports ? cssNamedModuleExport : cssModuleExport;
+  const cssModuleDefinition = `${bannerMessage}\n${cssModuleToInterface(cssModuleKeys)}\n${exportsDeclaration}`;
 
   if (mode === 'verify') {
     read((err, fileContents) => {