diff --git a/packages/core/integration-tests/test/integration/js-import-relative-raw/images/logo.svg b/packages/core/integration-tests/test/integration/js-import-relative-raw/images/logo.svg
new file mode 100644
index 00000000000..7186931368d
--- /dev/null
+++ b/packages/core/integration-tests/test/integration/js-import-relative-raw/images/logo.svg
@@ -0,0 +1,3 @@
+<svg width="200" height="200" xmlns="http://www.w3.org/2000/svg">
+  <ellipse ry="50" rx="50" id="svg_1" cy="100" cx="100" stroke-width="1.5" stroke="#000"/>
+</svg>
diff --git a/packages/core/integration-tests/test/integration/js-import-relative-raw/index.js b/packages/core/integration-tests/test/integration/js-import-relative-raw/index.js
new file mode 100644
index 00000000000..080b50cd704
--- /dev/null
+++ b/packages/core/integration-tests/test/integration/js-import-relative-raw/index.js
@@ -0,0 +1,3 @@
+import logo from "./images/logo.svg";
+
+export default logo;
diff --git a/packages/core/integration-tests/test/javascript.js b/packages/core/integration-tests/test/javascript.js
index a52f63d62ef..af1329e6e71 100644
--- a/packages/core/integration-tests/test/javascript.js
+++ b/packages/core/integration-tests/test/javascript.js
@@ -1687,6 +1687,22 @@ describe('javascript', function() {
     assert.equal(test, 2);
   });
 
+  it('should correctly reference a relative raw import', async function() {
+    let b = await bundle(
+      path.join(__dirname, `/integration/js-import-relative-raw/index.js`)
+    );
+
+    let module = await run(b);
+    assert(
+      module.default.startsWith('/logo'),
+      module.default + ' starts with `/logo`'
+    );
+    assert(
+      await fs.exists(path.join(__dirname, 'dist', module.default), 'utf8'),
+      module.default + ' exists in dist'
+    );
+  });
+
   it('should not dedupe imports with different contents', async function() {
     let b = await bundle(
       path.join(__dirname, `/integration/js-different-contents/index.js`),
diff --git a/yarn.lock b/yarn.lock
index 4a0a44971f1..4d386f46535 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -7937,69 +7937,6 @@ parallel-transform@^1.1.0:
     inherits "^2.0.3"
     readable-stream "^2.1.5"
 
-parcel-bundler@^1.12.3:
-  version "1.12.3"
-  resolved "https://registry.yarnpkg.com/parcel-bundler/-/parcel-bundler-1.12.3.tgz#2bbf70bfa2d06097f071653285040bd125684d09"
-  integrity sha512-8bq6lj0hhQeGxD9f9xEkFMXQ3d8TIlf2+isKxoi9bciB0KVEILRGllaPkUgp++5t0anToBh9+tG6ZyInXOC1/A==
-  dependencies:
-    "@babel/code-frame" "^7.0.0 <7.4.0"
-    "@babel/core" "^7.0.0 <7.4.0"
-    "@babel/generator" "^7.0.0 <7.4.0"
-    "@babel/parser" "^7.0.0 <7.4.0"
-    "@babel/plugin-transform-flow-strip-types" "^7.0.0 <7.4.0"
-    "@babel/plugin-transform-modules-commonjs" "^7.0.0 <7.4.0"
-    "@babel/plugin-transform-react-jsx" "^7.0.0 <7.4.0"
-    "@babel/preset-env" "^7.0.0 <7.4.0"
-    "@babel/runtime" "^7.0.0 <7.4.0"
-    "@babel/template" "^7.0.0 <7.4.0"
-    "@babel/traverse" "^7.0.0 <7.4.0"
-    "@babel/types" "^7.0.0 <7.4.0"
-    "@iarna/toml" "^2.2.0"
-    "@parcel/fs" "^1.11.0"
-    "@parcel/logger" "^1.11.0"
-    "@parcel/utils" "^1.11.0"
-    "@parcel/watcher" "^1.12.0"
-    "@parcel/workers" "^1.11.0"
-    ansi-to-html "^0.6.4"
-    babylon-walk "^1.0.2"
-    browserslist "^4.1.0"
-    chalk "^2.1.0"
-    clone "^2.1.1"
-    command-exists "^1.2.6"
-    commander "^2.11.0"
-    cross-spawn "^6.0.4"
-    css-modules-loader-core "^1.1.0"
-    cssnano "^4.0.0"
-    deasync "^0.1.14"
-    dotenv "^5.0.0"
-    dotenv-expand "^4.2.0"
-    fast-glob "^2.2.2"
-    filesize "^3.6.0"
-    get-port "^3.2.0"
-    htmlnano "^0.2.2"
-    is-glob "^4.0.0"
-    is-url "^1.2.2"
-    js-yaml "^3.10.0"
-    json5 "^1.0.1"
-    micromatch "^3.0.4"
-    mkdirp "^0.5.1"
-    node-forge "^0.7.1"
-    node-libs-browser "^2.0.0"
-    opn "^5.1.0"
-    postcss "^7.0.11"
-    postcss-value-parser "^3.3.1"
-    posthtml "^0.11.2"
-    posthtml-parser "^0.4.0"
-    posthtml-render "^1.1.3"
-    resolve "^1.4.0"
-    semver "^5.4.1"
-    serialize-to-js "^1.1.1"
-    serve-static "^1.12.4"
-    source-map "0.6.1"
-    terser "^3.7.3"
-    v8-compile-cache "^2.0.0"
-    ws "^5.1.1"
-
 parse-asn1@^5.0.0:
   version "5.1.4"
   resolved "https://registry.yarnpkg.com/parse-asn1/-/parse-asn1-5.1.4.tgz#37f6628f823fbdeb2273b4d540434a22f3ef1fcc"