diff --git a/packages/istanbul-lib-instrument/src/visitor.js b/packages/istanbul-lib-instrument/src/visitor.js
index f21bc86f..7a231188 100644
--- a/packages/istanbul-lib-instrument/src/visitor.js
+++ b/packages/istanbul-lib-instrument/src/visitor.js
@@ -484,6 +484,8 @@ const codeVisitor = {
     ArrowFunctionExpression: entries(convertArrowExpression, coverFunction),
     AssignmentPattern: entries(coverAssignmentPattern),
     BlockStatement: entries(), // ignore processing only
+    ExportDefaultDeclaration: entries(), // ignore processing only
+    ExportNamedDeclaration: entries(), // ignore processing only
     ClassMethod: entries(coverFunction),
     ClassDeclaration: entries(parenthesizedExpressionProp('superClass')),
     ObjectMethod: entries(coverFunction),
diff --git a/packages/istanbul-lib-instrument/test/varia.test.js b/packages/istanbul-lib-instrument/test/varia.test.js
index 8a44ab4a..ef77d92a 100644
--- a/packages/istanbul-lib-instrument/test/varia.test.js
+++ b/packages/istanbul-lib-instrument/test/varia.test.js
@@ -66,6 +66,41 @@ describe('varia', function() {
         );
     });
 
+    it('honors ignore next for exported functions', function() {
+        /* https://github.com/istanbuljs/istanbuljs/issues/297 */
+        var v = verifier.create(
+                '/* istanbul ignore next*/ export function fn1() {}' +
+                    '/* istanbul ignore next*/ export default function() {}',
+                { generateOnly: true },
+                { esModules: true }
+            ),
+            code;
+        assert.ok(!v.err);
+        code = v.getGeneratedCode();
+        assert.ok(
+            code.match(
+                /}\(\);export function fn1\(\){}export default function\(\){}/
+            )
+        );
+    });
+
+    it('instruments exported functions', function() {
+        /* https://github.com/istanbuljs/istanbuljs/issues/297 */
+        var v = verifier.create(
+                'export function fn1() {}' + 'export default function() {}',
+                { generateOnly: true },
+                { esModules: true }
+            ),
+            code;
+        assert.ok(!v.err);
+        code = v.getGeneratedCode();
+        assert.ok(
+            code.match(
+                /}\(\);export function fn1\(\){cov_(.+)\.f\[\d+\]\+\+;}export default function\(\){cov_(.+)\.f\[\d+\]\+\+;}/
+            )
+        );
+    });
+
     it('returns last coverage object', function(cb) {
         var instrumenter = new Instrumenter({
                 coverageVariable: '__testing_coverage__'