diff --git a/src/wcc.js b/src/wcc.js
index 2bb34c59..cbed750e 100644
--- a/src/wcc.js
+++ b/src/wcc.js
@@ -57,9 +57,14 @@ async function registerDependencies(moduleURL) {
     sourceType: 'module'
   }), {
     async ImportDeclaration(node) {
-      const dependencyModuleURL = new URL(node.source.value, moduleURL);
+      const specifier = node.source.value;
+      const isBareSpecifier = specifier.indexOf('.') !== 0 && specifier.indexOf('/') !== 0;
 
-      await registerDependencies(dependencyModuleURL);
+      if (!isBareSpecifier) {
+        const dependencyModuleURL = new URL(node.source.value, moduleURL);
+
+        await registerDependencies(dependencyModuleURL);
+      }
     },
     async ExpressionStatement(node) {
       if (isCustomElementDefinitionNode(node)) {
diff --git a/test/cases/render-from-html/render-from-html.spec.js b/test/cases/render-from-html/render-from-html.spec.js
index 91a2579c..79335968 100644
--- a/test/cases/render-from-html/render-from-html.spec.js
+++ b/test/cases/render-from-html/render-from-html.spec.js
@@ -104,7 +104,7 @@ describe('Run WCC ', function() {
     });
 
     describe(LABEL, function() {
-      it('should have three custom elements in the asset graph', function() {
+      it('should have two custom elements in the asset graph', function() {
         expect(Object.keys(assetMetadata).length).to.equal(2);
       });