diff --git a/.changeset/fancy-steaks-itch.md b/.changeset/fancy-steaks-itch.md
new file mode 100644
index 000000000..11fa2cbac
--- /dev/null
+++ b/.changeset/fancy-steaks-itch.md
@@ -0,0 +1,5 @@
+---
+"@callstack/repack": patch
+---
+
+Handle 'transform-dynamic-import' in `babel-swc-loader`
diff --git a/packages/repack/src/loaders/babelSwcLoader/swc.ts b/packages/repack/src/loaders/babelSwcLoader/swc.ts
index 353449d83..206952ea0 100644
--- a/packages/repack/src/loaders/babelSwcLoader/swc.ts
+++ b/packages/repack/src/loaders/babelSwcLoader/swc.ts
@@ -41,6 +41,7 @@ const SWC_SUPPORTED_CUSTOM_RULES = new Set([
   'transform-react-jsx',
   'transform-modules-commonjs',
   'proposal-export-default-from',
+  'transform-dynamic-import',
 ]);
 
 function getTransformRuntimeConfig(
@@ -135,6 +136,22 @@ function getTransformExportDefaultFromConfig(
   };
 }
 
+function getTransformDynamicImportConfig(
+  swcConfig: SwcLoaderOptions
+): SwcLoaderOptions {
+  return {
+    ...swcConfig,
+    jsc: {
+      ...swcConfig.jsc,
+      parser: {
+        ...swcConfig.jsc?.parser,
+        syntax: swcConfig.jsc?.parser?.syntax!,
+        dynamicImport: true,
+      },
+    },
+  };
+}
+
 function getTransformClassPropertiesConfig(
   swcConfig: SwcLoaderOptions,
   ruleConfig: Record<string, any> = { loose: false }
@@ -244,6 +261,7 @@ const SWC_SUPPORTED_CUSTOM_RULES_MAP = {
   'transform-react-jsx-source': getTransformReactDevelopmentConfig,
   'transform-modules-commonjs': getTransformModulesCommonjsConfig,
   'proposal-export-default-from': getTransformExportDefaultFromConfig,
+  'transform-dynamic-import': getTransformDynamicImportConfig,
 };
 
 export function getSupportedSwcNormalTransforms(