diff --git a/packages/vite/src/module-runner/runner.ts b/packages/vite/src/module-runner/runner.ts
index dcbbbe77688fb9..902aa70bcbd02b 100644
--- a/packages/vite/src/module-runner/runner.ts
+++ b/packages/vite/src/module-runner/runner.ts
@@ -429,7 +429,7 @@ function exportAll(exports: any, sourceModule: any) {
     return
 
   for (const key in sourceModule) {
-    if (key !== 'default' && key !== '__esModule') {
+    if (key !== 'default' && key !== '__esModule' && !(key in exports)) {
       try {
         Object.defineProperty(exports, key, {
           enumerable: true,
diff --git a/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/dep1.js b/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/dep1.js
new file mode 100644
index 00000000000000..ccc8eb47f073dc
--- /dev/null
+++ b/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/dep1.js
@@ -0,0 +1,4 @@
+export const a = 'dep1-a'
+export const b = 'dep1-b'
+export const c = 'dep1-c'
+export const d = 'dep1-d'
diff --git a/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/dep2.js b/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/dep2.js
new file mode 100644
index 00000000000000..e112aa48c4d298
--- /dev/null
+++ b/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/dep2.js
@@ -0,0 +1 @@
+export const d = 'dep2-d'
diff --git a/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/main.js b/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/main.js
new file mode 100644
index 00000000000000..860f5fdd95a931
--- /dev/null
+++ b/packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/main.js
@@ -0,0 +1,4 @@
+export const a = 'main-a'
+export * from './dep1.js'
+export const c = 'main-c'
+export * from './dep2.js'
diff --git a/packages/vite/src/node/ssr/__tests__/ssrLoadModule.spec.ts b/packages/vite/src/node/ssr/__tests__/ssrLoadModule.spec.ts
index f4011d76c95aee..fd49c288387ad4 100644
--- a/packages/vite/src/node/ssr/__tests__/ssrLoadModule.spec.ts
+++ b/packages/vite/src/node/ssr/__tests__/ssrLoadModule.spec.ts
@@ -292,3 +292,26 @@ test('plugin error', async () => {
       Plugin: test-plugin"
   `)
 })
+
+test('named exports overwrite export all', async () => {
+  const server = await createDevServer()
+  const mod = await server.ssrLoadModule(
+    './fixtures/named-overwrite-all/main.js',
+  )
+
+  // ESM spec doesn't allow conflicting `export *` and such duplicate exports are removed (in this case "d"),
+  // but this is likely not possible to support due to Vite dev SSR's lazy nature.
+  // [Node]
+  //   $ node -e 'import("./packages/vite/src/node/ssr/__tests__/fixtures/named-overwrite-all/main.js").then(console.log)'
+  //   [Module: null prototype] { a: 'main-a', b: 'dep1-b', c: 'main-c' }
+  // [Rollup]
+  //   Conflicting namespaces: "main.js" re-exports "d" from one of the modules "dep1.js" and "dep2.js" (will be ignored).
+  expect(mod).toMatchInlineSnapshot(`
+    {
+      "a": "main-a",
+      "b": "dep1-b",
+      "c": "main-c",
+      "d": "dep1-d",
+    }
+  `)
+})