diff --git a/.changeset/tough-ligers-kick.md b/.changeset/tough-ligers-kick.md
new file mode 100644
index 00000000..78d0d128
--- /dev/null
+++ b/.changeset/tough-ligers-kick.md
@@ -0,0 +1,5 @@
+---
+"@preconstruct/cli": patch
+---
+
+Updated `@rollup/plugin-node-resolve` to `^11.2.1` in order to make direct imports resolveable, e.g. packages that use `exports` in their package.json
diff --git a/packages/cli/package.json b/packages/cli/package.json
index 37951cd6..9f2fb729 100644
--- a/packages/cli/package.json
+++ b/packages/cli/package.json
@@ -23,7 +23,7 @@
     "@rollup/plugin-alias": "^3.1.1",
     "@rollup/plugin-commonjs": "^15.0.0",
     "@rollup/plugin-json": "^4.1.0",
-    "@rollup/plugin-node-resolve": "^9.0.0",
+    "@rollup/plugin-node-resolve": "^11.2.1",
     "@rollup/plugin-replace": "^2.4.1",
     "builtin-modules": "^3.1.0",
     "chalk": "^4.1.0",
diff --git a/packages/cli/src/build/__tests__/other.ts b/packages/cli/src/build/__tests__/other.ts
index b5d206d5..882a6181 100644
--- a/packages/cli/src/build/__tests__/other.ts
+++ b/packages/cli/src/build/__tests__/other.ts
@@ -408,6 +408,53 @@ test("package resolvable but not in deps", async () => {
   expect(true).toBe(false);
 });
 
+test("package with exports resolvable", async () => {
+  let tmpPath = await testdir({
+    "package.json": JSON.stringify({
+      name: "package-exports-resolvable-but-not-in-deps",
+      main: "dist/package-exports-resolvable-but-not-in-deps.cjs.js",
+      "umd:main": "dist/package-exports-resolvable-but-not-in-deps.umd.min.js",
+      dependencies: {
+        "@atomico/hooks": "0.0.0",
+      },
+      preconstruct: {
+        umdName: "packageExportsResolvableButNotInDeps",
+      },
+    }),
+    "node_modules/@atomico/hooks/package.json": JSON.stringify({
+      name: "@atomico/hooks/use-slot",
+      exports: {
+        "./use-slot": "./something/use-slot.js",
+      },
+    }),
+    "node_modules/@atomico/hooks/something/use-slot.js": js`
+                                                           export function useSlot(ref) {
+                                                             console.log(ref);
+                                                           }
+                                                         `,
+    "src/index.js": js`
+                      import { useSlot } from "@atomico/hooks/use-slot";
+
+                      export default function useChildren(ref) {
+                        return useSlot(ref);
+                      }
+                    `,
+  });
+
+  await build(tmpPath);
+
+  expect(
+    await getFiles(tmpPath, [
+      "dist/package-exports-resolvable-but-not-in-deps.umd.min.js",
+    ])
+  ).toMatchInlineSnapshot(`
+    ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯ dist/package-exports-resolvable-but-not-in-deps.umd.min.js ⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯⎯
+    !function(e,o){"object"==typeof exports&&"undefined"!=typeof module?module.exports=o():"function"==typeof define&&define.amd?define(o):(e="undefined"!=typeof globalThis?globalThis:e||self).packageExportsResolvableButNotInDeps=o()}(this,(function(){"use strict";return function(e){return function(e){console.log(e)}(e)}}));
+    //# sourceMappingURL=package-exports-resolvable-but-not-in-deps.umd.min.js.map
+
+  `);
+});
+
 test("entrypoint outside package directory", async () => {
   let tmpPath = await testdir({
     "package.json": JSON.stringify({
diff --git a/packages/cli/src/build/rollup.ts b/packages/cli/src/build/rollup.ts
index 9bc243f3..a3f8cb6e 100644
--- a/packages/cli/src/build/rollup.ts
+++ b/packages/cli/src/build/rollup.ts
@@ -187,9 +187,7 @@ export let getRollupConfig = (
         extensions: EXTENSIONS,
         // only umd builds will actually load dependencies which is where this browser flag actually makes a difference
         browser: type === "umd",
-        customResolveOptions: {
-          moduleDirectory: type === "umd" ? "node_modules" : [],
-        },
+        moduleDirectories: type === "umd" ? ["node_modules"] : [],
       }),
       type === "umd" && inlineProcessEnvNodeEnv({ sourceMap: true }),
       type === "umd" &&
diff --git a/yarn.lock b/yarn.lock
index 8844ae50..aba0cd53 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3007,17 +3007,17 @@
   dependencies:
     "@rollup/pluginutils" "^3.0.8"
 
-"@rollup/plugin-node-resolve@^9.0.0":
-  version "9.0.0"
-  resolved "https://registry.yarnpkg.com/@rollup/plugin-node-resolve/-/plugin-node-resolve-9.0.0.tgz#39bd0034ce9126b39c1699695f440b4b7d2b62e6"
-  integrity sha512-gPz+utFHLRrd41WMP13Jq5mqqzHL3OXrfj3/MkSyB6UBIcuNt9j60GCbarzMzdf1VHFpOxfQh/ez7wyadLMqkg==
+"@rollup/plugin-node-resolve@^11.2.1":
+  version "11.2.1"
+  resolved "https://registry.yarnpkg.com/@rollup/plugin-node-resolve/-/plugin-node-resolve-11.2.1.tgz#82aa59397a29cd4e13248b106e6a4a1880362a60"
+  integrity sha512-yc2n43jcqVyGE2sqV5/YCmocy9ArjVAP/BeXyTtADTBBX6V0e5UMqwO8CdQ0kzjb6zu5P1qMzsScCMRvE9OlVg==
   dependencies:
     "@rollup/pluginutils" "^3.1.0"
     "@types/resolve" "1.17.1"
     builtin-modules "^3.1.0"
     deepmerge "^4.2.2"
     is-module "^1.0.0"
-    resolve "^1.17.0"
+    resolve "^1.19.0"
 
 "@rollup/plugin-replace@^2.4.1":
   version "2.4.1"
@@ -11412,7 +11412,7 @@ resolve@1.1.7:
   resolved "https://registry.yarnpkg.com/resolve/-/resolve-1.1.7.tgz#203114d82ad2c5ed9e8e0411b3932875e889e97b"
   integrity sha1-IDEU2CrSxe2ejgQRs5ModeiJ6Xs=
 
-resolve@^1.1.6, resolve@^1.14.2:
+resolve@^1.1.6, resolve@^1.14.2, resolve@^1.19.0:
   version "1.22.1"
   resolved "https://registry.yarnpkg.com/resolve/-/resolve-1.22.1.tgz#27cb2ebb53f91abb49470a928bba7558066ac177"
   integrity sha512-nBpuuYuY5jFsli/JIs1oldw6fOQCBioohqWZg/2hiaOybXOft4lonv85uDOKXdf8rhyK159cxU5cDcK/NKk8zw==