diff --git a/.changeset/silent-seals-rhyme.md b/.changeset/silent-seals-rhyme.md
new file mode 100644
index 000000000000..ca22d91bfc21
--- /dev/null
+++ b/.changeset/silent-seals-rhyme.md
@@ -0,0 +1,10 @@
+---
+"@rspack/binding": patch
+"@rspack/binding-darwin-arm64": patch
+"@rspack/binding-darwin-x64": patch
+"@rspack/binding-linux-x64-gnu": patch
+"@rspack/binding-win32-x64-msvc": patch
+"@rspack/core": patch
+---
+
+feat: inline external type syntax
diff --git a/Cargo.lock b/Cargo.lock
index 1ecb21b2c63a..212eeed74bfb 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2771,9 +2771,12 @@ name = "rspack_plugin_externals"
 version = "0.1.0"
 dependencies = [
  "async-trait",
+ "once_cell",
+ "regex",
  "rspack_core",
  "rspack_error",
  "rspack_identifier",
+ "rspack_regex",
  "tracing",
  "tracing-subscriber",
 ]
diff --git a/crates/node_binding/Cargo.lock b/crates/node_binding/Cargo.lock
index 3d43cc900f4c..753b6f19d5cc 100644
--- a/crates/node_binding/Cargo.lock
+++ b/crates/node_binding/Cargo.lock
@@ -2370,9 +2370,12 @@ name = "rspack_plugin_externals"
 version = "0.1.0"
 dependencies = [
  "async-trait",
+ "once_cell",
+ "regex",
  "rspack_core",
  "rspack_error",
  "rspack_identifier",
+ "rspack_regex",
  "tracing",
  "tracing-subscriber",
 ]
diff --git a/crates/node_binding/binding.d.ts b/crates/node_binding/binding.d.ts
index af345e7b64a1..01ce83b6261e 100644
--- a/crates/node_binding/binding.d.ts
+++ b/crates/node_binding/binding.d.ts
@@ -165,7 +165,12 @@ export interface RawExternalItem {
   type: "string" | "regexp" | "object"
   stringPayload?: string
   regexpPayload?: string
-  objectPayload?: Record<string, string>
+  objectPayload?: Record<string, RawExternalItemValue>
+}
+export interface RawExternalItemValue {
+  type: "string" | "bool"
+  stringPayload?: string
+  boolPayload?: boolean
 }
 export interface RawExternalsPresets {
   node: boolean
diff --git a/crates/rspack_binding_options/src/options/mod.rs b/crates/rspack_binding_options/src/options/mod.rs
index 6d1d3f0b45fc..205245195e26 100644
--- a/crates/rspack_binding_options/src/options/mod.rs
+++ b/crates/rspack_binding_options/src/options/mod.rs
@@ -2,10 +2,9 @@ use std::{collections::HashMap, fmt::Debug};
 
 use napi_derive::napi;
 use rspack_core::{
-  BoxPlugin, CompilerOptions, DevServerOptions, Devtool, EntryItem, Experiments, ExternalItem,
-  ModuleOptions, OutputOptions, PluginExt, TargetPlatform,
+  BoxPlugin, CompilerOptions, DevServerOptions, Devtool, EntryItem, Experiments, ModuleOptions,
+  OutputOptions, PluginExt, TargetPlatform,
 };
-use rspack_regex::RspackRegex;
 use serde::Deserialize;
 
 mod raw_builtins;
@@ -145,7 +144,7 @@ impl RawOptionsApply for RawOptions {
       );
     }
     if self.externals_presets.node {
-      plugins.push(node_target_plugin());
+      plugins.push(rspack_plugin_externals::node_target_plugin());
     }
     plugins.push(rspack_plugin_javascript::JsPlugin::new().boxed());
     plugins.push(
@@ -185,66 +184,3 @@ impl RawOptionsApply for RawOptions {
     })
   }
 }
-
-fn node_target_plugin() -> BoxPlugin {
-  rspack_plugin_externals::ExternalPlugin::new(
-    "commonjs".to_string(), // TODO: should be "node-commonjs"
-    vec![
-      ExternalItem::from("assert".to_string()),
-      ExternalItem::from("assert/strict".to_string()),
-      ExternalItem::from("async_hooks".to_string()),
-      ExternalItem::from("buffer".to_string()),
-      ExternalItem::from("child_process".to_string()),
-      ExternalItem::from("cluster".to_string()),
-      ExternalItem::from("console".to_string()),
-      ExternalItem::from("constants".to_string()),
-      ExternalItem::from("crypto".to_string()),
-      ExternalItem::from("dgram".to_string()),
-      ExternalItem::from("diagnostics_channel".to_string()),
-      ExternalItem::from("dns".to_string()),
-      ExternalItem::from("dns/promises".to_string()),
-      ExternalItem::from("domain".to_string()),
-      ExternalItem::from("events".to_string()),
-      ExternalItem::from("fs".to_string()),
-      ExternalItem::from("fs/promises".to_string()),
-      ExternalItem::from("http".to_string()),
-      ExternalItem::from("http2".to_string()),
-      ExternalItem::from("https".to_string()),
-      ExternalItem::from("inspector".to_string()),
-      ExternalItem::from("module".to_string()),
-      ExternalItem::from("net".to_string()),
-      ExternalItem::from("os".to_string()),
-      ExternalItem::from("path".to_string()),
-      ExternalItem::from("path/posix".to_string()),
-      ExternalItem::from("path/win32".to_string()),
-      ExternalItem::from("perf_hooks".to_string()),
-      ExternalItem::from("process".to_string()),
-      ExternalItem::from("punycode".to_string()),
-      ExternalItem::from("querystring".to_string()),
-      ExternalItem::from("readline".to_string()),
-      ExternalItem::from("repl".to_string()),
-      ExternalItem::from("stream".to_string()),
-      ExternalItem::from("stream/promises".to_string()),
-      ExternalItem::from("stream/web".to_string()),
-      ExternalItem::from("string_decoder".to_string()),
-      ExternalItem::from("sys".to_string()),
-      ExternalItem::from("timers".to_string()),
-      ExternalItem::from("timers/promises".to_string()),
-      ExternalItem::from("tls".to_string()),
-      ExternalItem::from("trace_events".to_string()),
-      ExternalItem::from("tty".to_string()),
-      ExternalItem::from("url".to_string()),
-      ExternalItem::from("util".to_string()),
-      ExternalItem::from("util/types".to_string()),
-      ExternalItem::from("v8".to_string()),
-      ExternalItem::from("vm".to_string()),
-      ExternalItem::from("wasi".to_string()),
-      ExternalItem::from("worker_threads".to_string()),
-      ExternalItem::from("zlib".to_string()),
-      ExternalItem::from(RspackRegex::new("^node:").expect("Invalid regexp")),
-      // Yarn PnP adds pnpapi as "builtin"
-      ExternalItem::from("pnpapi".to_string()),
-    ],
-  )
-  .boxed()
-}
diff --git a/crates/rspack_binding_options/src/options/raw_external.rs b/crates/rspack_binding_options/src/options/raw_external.rs
index d5785b8f6f24..6224b23f9d3c 100644
--- a/crates/rspack_binding_options/src/options/raw_external.rs
+++ b/crates/rspack_binding_options/src/options/raw_external.rs
@@ -1,7 +1,7 @@
 use std::collections::HashMap;
 
 use napi_derive::napi;
-use rspack_core::ExternalItem;
+use rspack_core::{ExternalItem, ExternalItemObject, ExternalItemValue};
 use rspack_regex::RspackRegex;
 use serde::Deserialize;
 
@@ -13,7 +13,35 @@ pub struct RawExternalItem {
   pub r#type: String,
   pub string_payload: Option<String>,
   pub regexp_payload: Option<String>,
-  pub object_payload: Option<HashMap<String, String>>,
+  pub object_payload: Option<HashMap<String, RawExternalItemValue>>,
+}
+
+#[derive(Deserialize, Debug, Clone)]
+#[serde(rename_all = "camelCase")]
+#[napi(object)]
+pub struct RawExternalItemValue {
+  #[napi(ts_type = r#""string" | "bool""#)]
+  pub r#type: String,
+  pub string_payload: Option<String>,
+  pub bool_payload: Option<bool>,
+}
+
+impl From<RawExternalItemValue> for ExternalItemValue {
+  fn from(value: RawExternalItemValue) -> Self {
+    match value.r#type.as_str() {
+      "string" => Self::String(
+        value
+          .string_payload
+          .expect("should have a string_payload when RawExternalItemValue.type is \"string\""),
+      ),
+      "bool" => Self::Bool(
+        value
+          .bool_payload
+          .expect("should have a bool_payload when RawExternalItemValue.type is \"bool\""),
+      ),
+      _ => unreachable!(),
+    }
+  }
 }
 
 impl From<RawExternalItem> for ExternalItem {
@@ -32,11 +60,15 @@ impl From<RawExternalItem> for ExternalItem {
           RspackRegex::new(&payload).expect("regex_payload is not a legal regex in rust side");
         Self::from(reg)
       }
-      "object" => Self::from(
-        value
+      "object" => {
+        let payload: ExternalItemObject = value
           .object_payload
-          .expect("should have a object_payload when RawExternalItem.type is \"object\""),
-      ),
+          .expect("should have a object_payload when RawExternalItem.type is \"object\"")
+          .into_iter()
+          .map(|(k, v)| (k, v.into()))
+          .collect();
+        payload.into()
+      }
       _ => unreachable!(),
     }
   }
diff --git a/crates/rspack_core/src/options/externals.rs b/crates/rspack_core/src/options/externals.rs
index cda87b23ee6f..efdc38053313 100644
--- a/crates/rspack_core/src/options/externals.rs
+++ b/crates/rspack_core/src/options/externals.rs
@@ -1,18 +1,26 @@
-use std::collections::HashMap;
-
 use rspack_regex::RspackRegex;
+use rustc_hash::FxHashMap as HashMap;
 
 pub type Externals = Vec<ExternalItem>;
 
+#[derive(Debug)]
+pub enum ExternalItemValue {
+  String(String),
+  Bool(bool),
+  // TODO: string[] | Record<string, string|string[]>
+}
+
+pub type ExternalItemObject = HashMap<String, ExternalItemValue>;
+
 #[derive(Debug)]
 pub enum ExternalItem {
-  Object(HashMap<String, String>),
+  Object(ExternalItemObject),
   String(String),
   RegExp(RspackRegex),
 }
 
-impl From<HashMap<String, String>> for ExternalItem {
-  fn from(value: HashMap<String, String>) -> Self {
+impl From<ExternalItemObject> for ExternalItem {
+  fn from(value: ExternalItemObject) -> Self {
     Self::Object(value)
   }
 }
diff --git a/crates/rspack_plugin_externals/Cargo.toml b/crates/rspack_plugin_externals/Cargo.toml
index 0864cf68d582..525736dc7ca2 100644
--- a/crates/rspack_plugin_externals/Cargo.toml
+++ b/crates/rspack_plugin_externals/Cargo.toml
@@ -9,8 +9,11 @@ version    = "0.1.0"
 
 [dependencies]
 async-trait        = { workspace = true }
+once_cell          = { workspace = true }
+regex              = { workspace = true }
 rspack_core        = { path = "../rspack_core" }
 rspack_error       = { path = "../rspack_error" }
 rspack_identifier  = { path = "../rspack_identifier" }
+rspack_regex       = { path = "../rspack_regex" }
 tracing            = { workspace = true }
 tracing-subscriber = { workspace = true, features = ["env-filter"] }
diff --git a/crates/rspack_plugin_externals/src/lib.rs b/crates/rspack_plugin_externals/src/lib.rs
index 7f2c19c96211..436c9b3553bf 100644
--- a/crates/rspack_plugin_externals/src/lib.rs
+++ b/crates/rspack_plugin_externals/src/lib.rs
@@ -1,3 +1,7 @@
+#![feature(let_chains)]
+
+mod node_target_plugin;
 mod plugin;
 
+pub use node_target_plugin::*;
 pub use plugin::ExternalPlugin;
diff --git a/crates/rspack_plugin_externals/src/node_target_plugin.rs b/crates/rspack_plugin_externals/src/node_target_plugin.rs
new file mode 100644
index 000000000000..739424056626
--- /dev/null
+++ b/crates/rspack_plugin_externals/src/node_target_plugin.rs
@@ -0,0 +1,68 @@
+use rspack_core::{BoxPlugin, ExternalItem, PluginExt};
+use rspack_regex::RspackRegex;
+
+pub fn node_target_plugin() -> BoxPlugin {
+  crate::ExternalPlugin::new(
+    "commonjs".to_string(), // TODO: should be "node-commonjs"
+    vec![
+      ExternalItem::from("assert".to_string()),
+      ExternalItem::from("assert/strict".to_string()),
+      ExternalItem::from("async_hooks".to_string()),
+      ExternalItem::from("buffer".to_string()),
+      ExternalItem::from("child_process".to_string()),
+      ExternalItem::from("cluster".to_string()),
+      ExternalItem::from("console".to_string()),
+      ExternalItem::from("constants".to_string()),
+      ExternalItem::from("crypto".to_string()),
+      ExternalItem::from("dgram".to_string()),
+      ExternalItem::from("diagnostics_channel".to_string()),
+      ExternalItem::from("dns".to_string()),
+      ExternalItem::from("dns/promises".to_string()),
+      ExternalItem::from("domain".to_string()),
+      ExternalItem::from("events".to_string()),
+      ExternalItem::from("fs".to_string()),
+      ExternalItem::from("fs/promises".to_string()),
+      ExternalItem::from("http".to_string()),
+      ExternalItem::from("http2".to_string()),
+      ExternalItem::from("https".to_string()),
+      ExternalItem::from("inspector".to_string()),
+      ExternalItem::from("inspector/promises".to_string()),
+      ExternalItem::from("module".to_string()),
+      ExternalItem::from("net".to_string()),
+      ExternalItem::from("os".to_string()),
+      ExternalItem::from("path".to_string()),
+      ExternalItem::from("path/posix".to_string()),
+      ExternalItem::from("path/win32".to_string()),
+      ExternalItem::from("perf_hooks".to_string()),
+      ExternalItem::from("process".to_string()),
+      ExternalItem::from("punycode".to_string()),
+      ExternalItem::from("querystring".to_string()),
+      ExternalItem::from("readline".to_string()),
+      ExternalItem::from("readline/promises".to_string()),
+      ExternalItem::from("repl".to_string()),
+      ExternalItem::from("stream".to_string()),
+      ExternalItem::from("stream/consumers".to_string()),
+      ExternalItem::from("stream/promises".to_string()),
+      ExternalItem::from("stream/web".to_string()),
+      ExternalItem::from("string_decoder".to_string()),
+      ExternalItem::from("sys".to_string()),
+      ExternalItem::from("timers".to_string()),
+      ExternalItem::from("timers/promises".to_string()),
+      ExternalItem::from("tls".to_string()),
+      ExternalItem::from("trace_events".to_string()),
+      ExternalItem::from("tty".to_string()),
+      ExternalItem::from("url".to_string()),
+      ExternalItem::from("util".to_string()),
+      ExternalItem::from("util/types".to_string()),
+      ExternalItem::from("v8".to_string()),
+      ExternalItem::from("vm".to_string()),
+      ExternalItem::from("wasi".to_string()),
+      ExternalItem::from("worker_threads".to_string()),
+      ExternalItem::from("zlib".to_string()),
+      ExternalItem::from(RspackRegex::new("^node:").expect("Invalid regexp")),
+      // Yarn PnP adds pnpapi as "builtin"
+      ExternalItem::from("pnpapi".to_string()),
+    ],
+  )
+  .boxed()
+}
diff --git a/crates/rspack_plugin_externals/src/plugin.rs b/crates/rspack_plugin_externals/src/plugin.rs
index fb8e7fdde278..21b1979d4b95 100644
--- a/crates/rspack_plugin_externals/src/plugin.rs
+++ b/crates/rspack_plugin_externals/src/plugin.rs
@@ -1,10 +1,15 @@
+use once_cell::sync::Lazy;
+use regex::Regex;
 use rspack_core::{
-  ApplyContext, ExternalItem, ExternalModule, ExternalType, FactorizeArgs, ModuleExt,
-  ModuleFactoryResult, NormalModuleFactoryContext, Plugin, PluginContext,
-  PluginFactorizeHookOutput,
+  ApplyContext, ExternalItem, ExternalItemValue, ExternalModule, ExternalType, FactorizeArgs,
+  ModuleDependency, ModuleExt, ModuleFactoryResult, NormalModuleFactoryContext, Plugin,
+  PluginContext, PluginFactorizeHookOutput,
 };
 use rspack_error::Result;
 
+static UNSPECIFIED_EXTERNAL_TYPE_REGEXP: Lazy<Regex> =
+  Lazy::new(|| Regex::new(r"^[a-z0-9-]+ ").expect("Invalid regex"));
+
 #[derive(Debug)]
 pub struct ExternalPlugin {
   externals: Vec<ExternalItem>,
@@ -15,6 +20,37 @@ impl ExternalPlugin {
   pub fn new(r#type: ExternalType, externals: Vec<ExternalItem>) -> Self {
     Self { externals, r#type }
   }
+
+  fn handle_external(
+    &self,
+    config: &ExternalItemValue,
+    r#type: Option<String>,
+    dependency: &dyn ModuleDependency,
+  ) -> Option<ExternalModule> {
+    let mut external_module_config = match config {
+      ExternalItemValue::String(config) => config,
+      ExternalItemValue::Bool(config) => {
+        if *config {
+          dependency.request()
+        } else {
+          return None;
+        }
+      }
+    };
+    let external_module_type = r#type.unwrap_or_else(|| {
+      if UNSPECIFIED_EXTERNAL_TYPE_REGEXP.is_match(external_module_config)
+        && let Some((t, c)) = external_module_config.split_once(' ') {
+        external_module_config = c;
+        return t.to_owned();
+      }
+      self.r#type.clone()
+    });
+    Some(ExternalModule::new(
+      external_module_config.to_owned(),
+      external_module_type,
+      dependency.request().to_owned(),
+    ))
+  }
 }
 
 #[async_trait::async_trait]
@@ -33,41 +69,36 @@ impl Plugin for ExternalPlugin {
     args: FactorizeArgs<'_>,
     _job_ctx: &mut NormalModuleFactoryContext,
   ) -> PluginFactorizeHookOutput {
-    let external_type = &self.r#type;
     for external_item in &self.externals {
       match external_item {
         ExternalItem::Object(eh) => {
           let request = args.dependency.request();
 
           if let Some(value) = eh.get(request) {
-            let external_module = ExternalModule::new(
-              value.to_owned(),
-              external_type.to_owned(),
-              request.to_string(),
-            );
-            return Ok(Some(ModuleFactoryResult::new(external_module.boxed())));
+            let maybe_module = self.handle_external(value, None, args.dependency);
+            return Ok(maybe_module.map(|i| ModuleFactoryResult::new(i.boxed())));
           }
         }
         ExternalItem::RegExp(r) => {
           let request = args.dependency.request();
           if r.test(request) {
-            let external_module = ExternalModule::new(
-              request.to_owned(),
-              external_type.to_owned(),
-              request.to_string(),
+            let maybe_module = self.handle_external(
+              &ExternalItemValue::String(request.to_string()),
+              None,
+              args.dependency,
             );
-            return Ok(Some(ModuleFactoryResult::new(external_module.boxed())));
+            return Ok(maybe_module.map(|i| ModuleFactoryResult::new(i.boxed())));
           }
         }
         ExternalItem::String(s) => {
           let request = args.dependency.request();
           if s == request {
-            let external_module = ExternalModule::new(
-              request.to_owned(),
-              external_type.to_owned(),
-              request.to_string(),
+            let maybe_module = self.handle_external(
+              &ExternalItemValue::String(request.to_string()),
+              None,
+              args.dependency,
             );
-            return Ok(Some(ModuleFactoryResult::new(external_module.boxed())));
+            return Ok(maybe_module.map(|i| ModuleFactoryResult::new(i.boxed())));
           }
         }
       }
diff --git a/packages/rspack/src/config/adapter.ts b/packages/rspack/src/config/adapter.ts
index 50a44026df6d..f34b60c37210 100644
--- a/packages/rspack/src/config/adapter.ts
+++ b/packages/rspack/src/config/adapter.ts
@@ -4,7 +4,8 @@ import {
 	RawRuleSetCondition,
 	RawRuleSetLogicalConditions,
 	RawOptions,
-	RawExternalItem
+	RawExternalItem,
+	RawExternalItemValue
 } from "@rspack/binding";
 import assert from "assert";
 import { normalizeStatsPreset } from "../stats";
@@ -13,6 +14,7 @@ import {
 	EntryNormalized,
 	Experiments,
 	ExternalItem,
+	ExternalItemValue,
 	Externals,
 	ExternalsPresets,
 	LibraryOptions,
@@ -319,7 +321,22 @@ function getRawExternals(externals: Externals): RawOptions["externals"] {
 		} else if (item instanceof RegExp) {
 			return { type: "regexp", regexpPayload: item.source };
 		}
-		return { type: "object", objectPayload: item };
+		return {
+			type: "object",
+			objectPayload: Object.fromEntries(
+				Object.entries(item).map(([k, v]) => [k, getRawExternalItemValue(v)])
+			)
+		};
+	}
+	function getRawExternalItemValue(
+		value: ExternalItemValue
+	): RawExternalItemValue {
+		if (typeof value === "string") {
+			return { type: "string", stringPayload: value };
+		} else if (typeof value === "boolean") {
+			return { type: "bool", boolPayload: value };
+		}
+		throw new Error("unreachable");
 	}
 
 	if (Array.isArray(externals)) {
diff --git a/packages/rspack/src/config/schema.js b/packages/rspack/src/config/schema.js
index a5d6862cf5bb..3d58eeb6851b 100644
--- a/packages/rspack/src/config/schema.js
+++ b/packages/rspack/src/config/schema.js
@@ -271,6 +271,11 @@ module.exports = {
 				{
 					description: "The target of the external.",
 					type: "string"
+				},
+				{
+					description:
+						"`true`: The dependency name is used as target of the external.",
+					type: "boolean"
 				}
 			]
 		},
diff --git a/packages/rspack/src/config/types.ts b/packages/rspack/src/config/types.ts
index 100167d509dd..20e2f8835b34 100644
--- a/packages/rspack/src/config/types.ts
+++ b/packages/rspack/src/config/types.ts
@@ -306,7 +306,7 @@ export type ExternalItem = string | RegExp | ExternalItemObjectUnknown;
 export interface ExternalItemObjectUnknown {
 	[k: string]: ExternalItemValue;
 }
-export type ExternalItemValue = string;
+export type ExternalItemValue = string | boolean;
 
 ///// ExternalsType /////
 export type ExternalsType =
diff --git a/packages/rspack/tests/configCases/externals/array-externals/index.js b/packages/rspack/tests/configCases/externals/array-externals/index.js
index de193958bbe1..f4e52554b318 100644
--- a/packages/rspack/tests/configCases/externals/array-externals/index.js
+++ b/packages/rspack/tests/configCases/externals/array-externals/index.js
@@ -1,10 +1,15 @@
 import "./inject";
 
 import foo from "foo";
+import raz from "raz";
+const myos = require("myos");
 const bar = require("bar");
-const react = require("react");
+const baz = require("baz");
 
 it("should work with array type of externals", function () {
 	expect(foo).toBe("foo");
 	expect(bar).toBe("bar");
+	expect(baz).toBe("baz");
+	expect(raz).toBe("raz");
+	expect(typeof myos.constants.errno.EBUSY).toBe("number");
 });
diff --git a/packages/rspack/tests/configCases/externals/array-externals/inject.js b/packages/rspack/tests/configCases/externals/array-externals/inject.js
index f98458cd90f3..ae15abfda7ea 100644
--- a/packages/rspack/tests/configCases/externals/array-externals/inject.js
+++ b/packages/rspack/tests/configCases/externals/array-externals/inject.js
@@ -1,3 +1,2 @@
 global.foo = "foo";
-global.bar = "bar";
-global.react = "react";
+global.raz = "raz";
diff --git a/packages/rspack/tests/configCases/externals/array-externals/webpack.config.js b/packages/rspack/tests/configCases/externals/array-externals/webpack.config.js
index f8bbdcf0ba0b..69cafc4bf258 100644
--- a/packages/rspack/tests/configCases/externals/array-externals/webpack.config.js
+++ b/packages/rspack/tests/configCases/externals/array-externals/webpack.config.js
@@ -1,3 +1,14 @@
 module.exports = {
-	externals: ["foo", "bar", /^re/]
+	externals: [
+		"foo",
+		/^raz$/,
+		{
+			bar: "'bar'",
+			baz: "var 'baz'",
+			myos: "commonjs os"
+		}
+	],
+	externalsPresets: {
+		node: false
+	}
 };