diff --git a/src/bun.js/bindings/ModuleLoader.cpp b/src/bun.js/bindings/ModuleLoader.cpp
index 4bda9e77fa..115fc7a49b 100644
--- a/src/bun.js/bindings/ModuleLoader.cpp
+++ b/src/bun.js/bindings/ModuleLoader.cpp
@@ -627,6 +627,19 @@ JSValue fetchCommonJSModule(
             RELEASE_AND_RETURN(scope, {});
         }
 
+        target->putDirect(vm, WebCore::clientData(vm)->builtinNames().exportsPublicName(), value, 0);
+        target->hasEvaluated = true;
+        RELEASE_AND_RETURN(scope, target);
+
+    }
+    // TOML and JSONC may go through here
+    else if (res->result.value.tag == SyntheticModuleType::ExportsObject) {
+        JSC::JSValue value = JSC::JSValue::decode(res->result.value.jsvalue_for_export);
+        if (!value) {
+            JSC::throwException(globalObject, scope, JSC::createSyntaxError(globalObject, "Failed to parse Object"_s));
+            RELEASE_AND_RETURN(scope, {});
+        }
+
         target->putDirect(vm, WebCore::clientData(vm)->builtinNames().exportsPublicName(), value, 0);
         target->hasEvaluated = true;
         RELEASE_AND_RETURN(scope, target);
@@ -807,6 +820,23 @@ static JSValue fetchESMSourceCode(
         JSC::ensureStillAliveHere(value);
         return rejectOrResolve(JSSourceCode::create(globalObject->vm(), WTFMove(source)));
     }
+    // TOML and JSONC may go through here
+    else if (res->result.value.tag == SyntheticModuleType::ExportsObject) {
+        JSC::JSValue value = JSC::JSValue::decode(res->result.value.jsvalue_for_export);
+        if (!value) {
+            return reject(JSC::JSValue(JSC::createSyntaxError(globalObject, "Failed to parse Object"_s)));
+        }
+
+        // JSON can become strings, null, numbers, booleans so we must handle "export default 123"
+        auto function = generateJSValueModuleSourceCode(
+            globalObject,
+            value);
+        auto source = JSC::SourceCode(
+            JSC::SyntheticSourceProvider::create(WTFMove(function),
+                JSC::SourceOrigin(), specifier->toWTFString(BunString::ZeroCopy)));
+        JSC::ensureStillAliveHere(value);
+        return rejectOrResolve(JSSourceCode::create(globalObject->vm(), WTFMove(source)));
+    }
 
     return rejectOrResolve(JSC::JSSourceCode::create(vm,
         JSC::SourceCode(Zig::SourceProvider::create(globalObject, res->result.value))));
diff --git a/src/bun.js/bindings/exports.zig b/src/bun.js/bindings/exports.zig
index 76476df03d..11a1a42e97 100644
--- a/src/bun.js/bindings/exports.zig
+++ b/src/bun.js/bindings/exports.zig
@@ -212,6 +212,8 @@ pub const ResolvedSource = extern struct {
 
     allocator: ?*anyopaque = null,
 
+    jsvalue_for_export: JSC.JSValue = .zero,
+
     tag: Tag = Tag.javascript,
 
     /// This is for source_code
diff --git a/src/bun.js/bindings/headers-handwritten.h b/src/bun.js/bindings/headers-handwritten.h
index e752349035..c68a1d3dab 100644
--- a/src/bun.js/bindings/headers-handwritten.h
+++ b/src/bun.js/bindings/headers-handwritten.h
@@ -96,6 +96,7 @@ typedef struct ResolvedSource {
     uint32_t commonJSExportsLen;
     uint32_t hash;
     void* allocator;
+    JSC::EncodedJSValue jsvalue_for_export;
     uint32_t tag;
     bool needsDeref;
 } ResolvedSource;
diff --git a/src/bun.js/module_loader.zig b/src/bun.js/module_loader.zig
index 1b5847509f..1e08e4b6e4 100644
--- a/src/bun.js/module_loader.zig
+++ b/src/bun.js/module_loader.zig
@@ -1655,6 +1655,7 @@ pub const ModuleLoader = struct {
                     .dont_bundle_twice = true,
                     .allow_commonjs = true,
                     .inject_jest_globals = jsc_vm.bundler.options.rewrite_jest_for_tests and is_main,
+                    .keep_json_and_toml_as_one_statement = true,
                     .set_breakpoint_on_first_line = is_main and
                         jsc_vm.debugger != null and
                         jsc_vm.debugger.?.set_breakpoint_on_first_line and
@@ -1778,6 +1779,17 @@ pub const ModuleLoader = struct {
                     };
                 }
 
+                if (loader == .json or loader == .toml) {
+                    return ResolvedSource{
+                        .allocator = null,
+                        .specifier = input_specifier,
+                        .source_url = input_specifier.createIfDifferent(path.text),
+                        .hash = 0,
+                        .jsvalue_for_export = parse_result.ast.parts.@"[0]"().stmts[0].data.s_expr.value.toJS(allocator, globalObject orelse jsc_vm.global) catch @panic("Unexpected JS error"),
+                        .tag = .exports_object,
+                    };
+                }
+
                 if (parse_result.already_bundled) {
                     return ResolvedSource{
                         .allocator = null,
diff --git a/src/bundler.zig b/src/bundler.zig
index b82421b983..d15e7913a1 100644
--- a/src/bundler.zig
+++ b/src/bundler.zig
@@ -1272,6 +1272,8 @@ pub const Bundler = struct {
         allow_commonjs: bool = false,
 
         runtime_transpiler_cache: ?*bun.JSC.RuntimeTranspilerCache = null,
+
+        keep_json_and_toml_as_one_statement: bool = false,
     };
 
     pub fn parse(
@@ -1485,6 +1487,14 @@ pub const Bundler = struct {
                 var symbols: []js_ast.Symbol = &.{};
 
                 const parts = brk: {
+                    if (this_parse.keep_json_and_toml_as_one_statement) {
+                        var stmts = allocator.alloc(js_ast.Stmt, 1) catch unreachable;
+                        stmts[0] = js_ast.Stmt.allocate(allocator, js_ast.S.SExpr, js_ast.S.SExpr{ .value = expr }, logger.Loc{ .start = 0 });
+                        var parts_ = allocator.alloc(js_ast.Part, 1) catch unreachable;
+                        parts_[0] = js_ast.Part{ .stmts = stmts };
+                        break :brk parts_;
+                    }
+
                     if (expr.data == .e_object) {
                         const properties: []js_ast.G.Property = expr.data.e_object.properties.slice();
                         if (properties.len > 0) {
diff --git a/src/codegen/bundle-modules.ts b/src/codegen/bundle-modules.ts
index cb121c8f01..825203ebbd 100644
--- a/src/codegen/bundle-modules.ts
+++ b/src/codegen/bundle-modules.ts
@@ -373,6 +373,7 @@ pub const ResolvedSourceTag = enum(u32) {
     file = 4,
     esm = 5,
     json_for_object_loader = 6,
+    exports_object = 7,
 
     // Built in modules are loaded through InternalModuleRegistry by numerical ID.
     // In this enum are represented as \`(1 << 9) & id\`
@@ -396,6 +397,7 @@ writeIfNotChanged(
     File = 4,
     ESM = 5,
     JSONForObjectLoader = 6,
+    ExportsObject = 7,
 
     // Built in modules are loaded through InternalModuleRegistry by numerical ID.
     // In this enum are represented as \`(1 << 9) & id\`