How can I fix the "Error: 'default' is not exported by..." when using formdata-node default import?

Question

Summary

I feel like I've hit my head against a wall too many times trying to figure out where I may be going wrong. I have a simple piece of typescript code:

import FormDataI from 'formdata-node'

const c = new FormDataI()

export { c }

That im trying to compile down to umd using rollup and typescript. For some reason, I cant seem to get it to compile correctly and instead receive an error message:

[!] Error: 'default' is not exported by node_modules/formdata-node/lib/FormData.js, imported by index.ts
https://rollupjs.org/guide/en/#error-name-is-not-exported-by-module
index.ts (1:7)

Any suggestions as to where I may be going wrong? Here is a sample project that throws the error.

Things I've tried

1. Playing with various typescript settings such as esModuleInterlop
2. Playing with the commonjs properties such as requireReturnsDefault
3. Stepping through the rollup code hoping to find the import error. It appears to not notice the export from formdata-node which is exported using module.exports.default and module.exports

UPDATE In the case of the above situation, I could simply set it as a global/external since FormData is supported in the browser natively. The question is, why does this error appear at all though?