diff --git a/packages/react-native-builder-bob/src/__fixtures__/project/code/$exports-input.ts b/packages/react-native-builder-bob/src/__fixtures__/project/code/$exports-input.ts
index cf1b20524..e489c8d26 100644
--- a/packages/react-native-builder-bob/src/__fixtures__/project/code/$exports-input.ts
+++ b/packages/react-native-builder-bob/src/__fixtures__/project/code/$exports-input.ts
@@ -4,7 +4,9 @@ export * as c from "./c";
 export * as d from "./d";
 export * as e from "./e.story";
 export * as f from "../f";
-export * as pak from "..";
+export * as pac from "..";
+export * as pak from "../";
+export * as pax from "../index";
 
 export { a as a1 } from "./a";
 export * from "./b";
diff --git a/packages/react-native-builder-bob/src/__fixtures__/project/code/$exports-output.ts b/packages/react-native-builder-bob/src/__fixtures__/project/code/$exports-output.ts
index 1cc582624..d923ac3ec 100644
--- a/packages/react-native-builder-bob/src/__fixtures__/project/code/$exports-output.ts
+++ b/packages/react-native-builder-bob/src/__fixtures__/project/code/$exports-output.ts
@@ -4,7 +4,9 @@ export * as c from "./c.mjs";
 export * as d from "./d";
 export * as e from "./e.story.mjs";
 export * as f from "../f.mjs";
-export * as pak from "..";
+export * as pac from "../index.mjs";
+export * as pak from "../index.mjs";
+export * as pax from "../index.mjs";
 export { a as a1 } from "./a.mjs";
 export * from "./b.mjs";
 export type { A } from "./a";
diff --git a/packages/react-native-builder-bob/src/__fixtures__/project/code/$imports-input.ts b/packages/react-native-builder-bob/src/__fixtures__/project/code/$imports-input.ts
index e860c2d1a..bc1c23d79 100644
--- a/packages/react-native-builder-bob/src/__fixtures__/project/code/$imports-input.ts
+++ b/packages/react-native-builder-bob/src/__fixtures__/project/code/$imports-input.ts
@@ -5,7 +5,9 @@ import c from "./c";
 import d from "./d";
 import e from "./e.story";
 import f from "../f";
-import pak from "..";
+import pac from "..";
+import pak from "../";
+import pax from "../index";
 
 import { a as a1 } from "./a";
 import * as b1 from "./b";
diff --git a/packages/react-native-builder-bob/src/__fixtures__/project/code/$imports-output.ts b/packages/react-native-builder-bob/src/__fixtures__/project/code/$imports-output.ts
index 0f38c8691..029bf9492 100644
--- a/packages/react-native-builder-bob/src/__fixtures__/project/code/$imports-output.ts
+++ b/packages/react-native-builder-bob/src/__fixtures__/project/code/$imports-output.ts
@@ -5,7 +5,9 @@ import c from "./c.mjs";
 import d from "./d";
 import e from "./e.story.mjs";
 import f from "../f.mjs";
-import pak from "..";
+import pac from "../index.mjs";
+import pak from "../index.mjs";
+import pax from "../index.mjs";
 import { a as a1 } from "./a.mjs";
 import * as b1 from "./b.mjs";
 import something, { c as c1 } from "./c.mjs";
diff --git a/packages/react-native-builder-bob/src/babel.ts b/packages/react-native-builder-bob/src/babel.ts
index c7b992733..c33693dcd 100644
--- a/packages/react-native-builder-bob/src/babel.ts
+++ b/packages/react-native-builder-bob/src/babel.ts
@@ -12,19 +12,18 @@ type Options = {
   extension?: 'cjs' | 'mjs';
 };
 
-const fileCache = new Map<string, string>();
+const isFile = (filename: string): boolean => {
+  const exists =
+    fs.lstatSync(filename, { throwIfNoEntry: false })?.isFile() ?? false;
 
-const doesFileExist = (filename: string): boolean => {
-  if (fileCache.has(filename)) {
-    return true;
-  }
+  return exists;
+};
 
-  try {
-    fs.accessSync(filename, fs.constants.F_OK);
-    return true;
-  } catch {
-    return false;
-  }
+const isDirectory = (filename: string): boolean => {
+  const exists =
+    fs.lstatSync(filename, { throwIfNoEntry: false })?.isDirectory() ?? false;
+
+  return exists;
 };
 
 const isTypeImport = (
@@ -113,19 +112,32 @@ export default function (
 
     // Add extension if .ts file or file with extension exists
     if (
-      doesFileExist(`${filename}.ts`) ||
-      doesFileExist(`${filename}.tsx`) ||
-      doesFileExist(`${filename}.${extension}`)
+      isFile(`${filename}.ts`) ||
+      isFile(`${filename}.tsx`) ||
+      isFile(`${filename}.${extension}`)
     ) {
       node.source.value += `.${extension}`;
       return;
     }
 
     // Replace .ts extension with .js if .ts file exists
-    if (doesFileExist(filename)) {
+    if (isFile(filename)) {
       node.source.value = node.source.value.replace(/\.tsx?$/, `.${extension}`);
       return;
     }
+
+    if (
+      isDirectory(filename) &&
+      (isFile(path.join(filename, 'index.ts')) ||
+        isFile(path.join(filename, 'index.tsx')) ||
+        isFile(path.join(filename, `index.${extension}`)))
+    ) {
+      node.source.value = node.source.value.replace(
+        /\/?$/,
+        `/index.${extension}`
+      );
+      return;
+    }
   }
 
   return {