diff --git a/packages/transformers/js/core/src/hoist.rs b/packages/transformers/js/core/src/hoist.rs
index 3d3eb58f331..02e17bce0b1 100644
--- a/packages/transformers/js/core/src/hoist.rs
+++ b/packages/transformers/js/core/src/hoist.rs
@@ -693,31 +693,6 @@ impl<'a> Fold for Hoist<'a> {
           }
         }
       }
-      Expr::Unary(ref unary) => {
-        // typeof require -> "function"
-        // typeof module -> "object"
-        if unary.op == UnaryOp::TypeOf {
-          if let Expr::Ident(ident) = &*unary.arg {
-            if ident.sym == js_word!("require") && !self.collect.decls.contains(&id!(ident)) {
-              return Expr::Lit(Lit::Str(Str {
-                kind: StrKind::Synthesized,
-                has_escape: false,
-                span: unary.span,
-                value: js_word!("function"),
-              }));
-            }
-
-            if ident.sym == js_word!("module") && !self.collect.decls.contains(&id!(ident)) {
-              return Expr::Lit(Lit::Str(Str {
-                kind: StrKind::Synthesized,
-                has_escape: false,
-                span: unary.span,
-                value: js_word!("object"),
-              }));
-            }
-          }
-        }
-      }
       _ => {}
     }
 
diff --git a/packages/transformers/js/core/src/lib.rs b/packages/transformers/js/core/src/lib.rs
index 58ba9bd4cea..75156b16a52 100644
--- a/packages/transformers/js/core/src/lib.rs
+++ b/packages/transformers/js/core/src/lib.rs
@@ -18,8 +18,10 @@ mod fs;
 mod global_replacer;
 mod hoist;
 mod modules;
+mod typeof_replacer;
 mod utils;
 
+use crate::typeof_replacer::TypeOfReplacer;
 use std::collections::{HashMap, HashSet};
 use std::path::{Path, PathBuf};
 use std::str::FromStr;
@@ -321,6 +323,10 @@ pub fn transform(config: Config) -> Result<TransformResult, std::io::Error> {
             let mut diagnostics = vec![];
             let module = {
               let mut passes = chain!(
+                Optional::new(
+                  TypeOfReplacer { decls: &decls },
+                  config.source_type != SourceType::Script
+                ),
                 // Inline process.env and process.browser
                 Optional::new(
                   EnvReplacer {
diff --git a/packages/transformers/js/core/src/typeof_replacer.rs b/packages/transformers/js/core/src/typeof_replacer.rs
new file mode 100644
index 00000000000..80b0cfad87c
--- /dev/null
+++ b/packages/transformers/js/core/src/typeof_replacer.rs
@@ -0,0 +1,52 @@
+use std::collections::HashSet;
+
+use swc_atoms::JsWord;
+use swc_ecmascript::ast::{Expr, Lit, Str, StrKind, UnaryOp};
+use swc_ecmascript::visit::{Fold, FoldWith};
+
+use crate::id;
+use crate::utils::IdentId;
+
+pub struct TypeOfReplacer<'a> {
+  pub decls: &'a HashSet<IdentId>,
+}
+
+impl<'a> Fold for TypeOfReplacer<'a> {
+  fn fold_expr(&mut self, node: Expr) -> Expr {
+    if let Expr::Unary(ref unary) = node {
+      // typeof require -> "function"
+      // typeof module -> "object"
+      if unary.op == UnaryOp::TypeOf {
+        if let Expr::Ident(ident) = &*unary.arg {
+          if ident.sym == js_word!("require") && !self.decls.contains(&id!(ident)) {
+            return Expr::Lit(Lit::Str(Str {
+              kind: StrKind::Synthesized,
+              has_escape: false,
+              span: unary.span,
+              value: js_word!("function"),
+            }));
+          }
+          let exports: JsWord = "exports".into();
+          if ident.sym == exports && !self.decls.contains(&id!(ident)) {
+            return Expr::Lit(Lit::Str(Str {
+              kind: StrKind::Synthesized,
+              has_escape: false,
+              span: unary.span,
+              value: js_word!("object"),
+            }));
+          }
+
+          if ident.sym == js_word!("module") && !self.decls.contains(&id!(ident)) {
+            return Expr::Lit(Lit::Str(Str {
+              kind: StrKind::Synthesized,
+              has_escape: false,
+              span: unary.span,
+              value: js_word!("object"),
+            }));
+          }
+        }
+      }
+    }
+    node.fold_children_with(self)
+  }
+}