diff --git a/swh/loader/svn/replay.py b/swh/loader/svn/replay.py
--- a/swh/loader/svn/replay.py
+++ b/swh/loader/svn/replay.py
@@ -305,7 +305,7 @@
                 self.svnrepo.client.export(
                     os.path.join(self.svnrepo.remote_url.encode(), self.path),
                     to=self.fullpath,
-                    rev=self.editor.revnum,
+                    peg_rev=self.editor.revnum,
                     ignore_keywords=True,
                     overwrite=True,
                 )
@@ -599,7 +599,7 @@
                         self.svnrepo.client.export(
                             external_url.rstrip("/"),
                             to=temp_path,
-                            rev=revision,
+                            peg_rev=revision,
                             ignore_keywords=True,
                         )
                         self.editor.externals_cache[external] = temp_path
@@ -696,7 +696,7 @@
             self.svnrepo.client.export(
                 svn_urljoin(self.svnrepo.remote_url, os.fsdecode(fullpath)),
                 to=dest_path,
-                rev=self.editor.revnum,
+                peg_rev=self.editor.revnum,
                 ignore_keywords=True,
             )
             if os.path.isfile(dest_path):
diff --git a/swh/loader/svn/tests/test_loader.py b/swh/loader/svn/tests/test_loader.py
--- a/swh/loader/svn/tests/test_loader.py
+++ b/swh/loader/svn/tests/test_loader.py
@@ -2523,3 +2523,90 @@
         loader.storage, repo_url, status="full", type="svn",
     )
     check_snapshot(loader.snapshot, loader.storage)
+
+
+def test_loader_export_external_path_using_peg_rev(
+    swh_storage, repo_url, external_repo_url, tmp_path
+):
+    # first commit on external
+    add_commit(
+        external_repo_url,
+        "Create a file in an external repository",
+        [
+            CommitChange(
+                change_type=CommitChangeType.AddOrUpdate,
+                path="code/foo.sh",
+                data=b"#!/bin/bash\necho foo",
+            ),
+        ],
+    )
+
+    # second commit on external
+    add_commit(
+        external_repo_url,
+        "Remove previously added file",
+        [CommitChange(change_type=CommitChangeType.Delete, path="code/foo.sh",),],
+    )
+
+    # third commit on external
+    add_commit(
+        external_repo_url,
+        "Add file again but with different content",
+        [
+            CommitChange(
+                change_type=CommitChangeType.AddOrUpdate,
+                path="code/foo.sh",
+                data=b"#!/bin/bash\necho bar",
+            ),
+        ],
+    )
+
+    # first commit
+    add_commit(
+        repo_url,
+        "Add trunk dir",
+        [CommitChange(change_type=CommitChangeType.AddOrUpdate, path="trunk/",),],
+    )
+
+    # second commit
+    add_commit(
+        repo_url,
+        "Set external on trunk targeting first revision of external repo",
+        [
+            CommitChange(
+                change_type=CommitChangeType.AddOrUpdate,
+                path="trunk/",
+                properties={
+                    "svn:externals": (
+                        f"{svn_urljoin(external_repo_url, 'code/foo.sh')}@1 foo.sh"
+                    )
+                },
+            ),
+        ],
+    )
+
+    # third commit
+    add_commit(
+        repo_url,
+        "Modify external on trunk to target third revision of external repo",
+        [
+            CommitChange(
+                change_type=CommitChangeType.AddOrUpdate,
+                path="trunk/",
+                properties={
+                    "svn:externals": (
+                        f"{svn_urljoin(external_repo_url, 'code/foo.sh')}@3 foo.sh"
+                    )
+                },
+            ),
+        ],
+    )
+
+    loader = SvnLoader(
+        swh_storage, repo_url, temp_directory=tmp_path, check_revision=1,
+    )
+    assert loader.load() == {"status": "eventful"}
+    assert_last_visit_matches(
+        loader.storage, repo_url, status="full", type="svn",
+    )
+    check_snapshot(loader.snapshot, loader.storage)