diff --git a/src/plugins/ui_core_views/cell_evaluation/evaluation_plugin.ts b/src/plugins/ui_core_views/cell_evaluation/evaluation_plugin.ts
index 51cd50796..1a9d4049b 100644
--- a/src/plugins/ui_core_views/cell_evaluation/evaluation_plugin.ts
+++ b/src/plugins/ui_core_views/cell_evaluation/evaluation_plugin.ts
@@ -323,8 +323,8 @@ export class EvaluationPlugin extends UIPlugin {
       const format = newFormat
         ? getItemId<Format>(newFormat, data.formats)
         : exportedCellData.format;
-      let content;
-      if (isFormula && formulaCell instanceof FormulaCellWithDependencies) {
+      let content: string | undefined;
+      if (isExported && isFormula && formulaCell instanceof FormulaCellWithDependencies) {
         content = formulaCell.contentWithFixedReferences;
       } else {
         content = !isExported ? newContent : exportedCellData.content;
diff --git a/tests/xlsx/xlsx_export.test.ts b/tests/xlsx/xlsx_export.test.ts
index e442e78df..1bce779c3 100644
--- a/tests/xlsx/xlsx_export.test.ts
+++ b/tests/xlsx/xlsx_export.test.ts
@@ -1,4 +1,4 @@
-import { functionRegistry } from "../../src/functions";
+import { arg, functionRegistry } from "../../src/functions";
 import { buildSheetLink, toXC } from "../../src/helpers";
 import { DEFAULT_TABLE_CONFIG } from "../../src/helpers/table_presets";
 import { Model } from "../../src/model";
@@ -751,7 +751,7 @@ describe("Test XLSX export", () => {
 
       functionRegistry.add("NON.EXPORTABLE", {
         description: "a non exportable formula",
-        args: [],
+        args: [arg('range (any, range<any>, ,default="a")', "")],
         returns: ["NUMBER"],
         compute: function () {
           return { value: 42, format: "0.00%" };
@@ -760,10 +760,12 @@ describe("Test XLSX export", () => {
       });
 
       setCellContent(model, "A1", "=1+NON.EXPORTABLE()");
+      setCellContent(model, "A2", "=1+NON.EXPORTABLE(A1)");
 
       const exported = getExportedExcelData(model);
 
       expect(exported.sheets[0].cells["A1"]?.content).toEqual("43");
+      expect(exported.sheets[0].cells["A2"]?.content).toEqual("43");
       const formatId = exported.sheets[0].cells["A1"]?.format;
       expect(formatId).toEqual(1);
       expect(exported.formats[formatId!]).toEqual("0.00%");