diff --git a/packages/core/src/render3/interfaces/definition.ts b/packages/core/src/render3/interfaces/definition.ts
index 6d9719e916b..946053b5af7 100644
--- a/packages/core/src/render3/interfaces/definition.ts
+++ b/packages/core/src/render3/interfaces/definition.ts
@@ -517,21 +517,34 @@ export type PipeTypeList =
 export const unusedValueExportToPlacateAjd = 1;
 
 /**
- * NgModule scope info as provided by NgModule decorator.
+ * NgModule scope info as provided by AoT compiler
+ *
+ * In full compilation Ivy resolved all the "module with providers" and forward refs the whole array
+ * if at least one element is forward refed. So we end up with type `Type<any>[]|(() =>
+ * Type<any>[])`.
+ *
+ * In local mode the compiler passes the raw info as they are to the runtime functions as it is not
+ * possible to resolve them any further due to limited info at compile time. So we end up with type
+ * `RawScopeInfoFromDecorator[]`.
  */
 export interface NgModuleScopeInfoFromDecorator {
   /** List of components, directives, and pipes declared by this module. */
-  declarations?: Type<any>[]|(() => Type<any>[]);
+  declarations?: Type<any>[]|(() => Type<any>[])|RawScopeInfoFromDecorator[];
 
-  /** List of modules or `ModuleWithProviders` imported by this module. */
-  imports?: Type<any>[]|(() => Type<any>[]);
+  /** List of modules or `ModuleWithProviders` or standalone components imported by this module. */
+  imports?: Type<any>[]|(() => Type<any>[])|RawScopeInfoFromDecorator[];
 
   /**
    * List of modules, `ModuleWithProviders`, components, directives, or pipes exported by this
    * module.
    */
-  exports?: Type<any>[]|(() => Type<any>[]);
+  exports?: Type<any>[]|(() => Type<any>[])|RawScopeInfoFromDecorator[];
 }
 
+/**
+ * The array element type passed to:
+ *  - NgModule's annotation imports/exports/declarations fields
+ *  - standalone component annotation imports field
+ */
 export type RawScopeInfoFromDecorator =
     Type<any>|ModuleWithProviders<any>|(() => Type<any>)|(() => ModuleWithProviders<any>);
diff --git a/packages/core/src/render3/local_compilation.ts b/packages/core/src/render3/local_compilation.ts
index 331bd5cd8e8..a6350f4d564 100644
--- a/packages/core/src/render3/local_compilation.ts
+++ b/packages/core/src/render3/local_compilation.ts
@@ -6,12 +6,12 @@
  * found in the LICENSE file at https://angular.io/license
  */
 
-import {Type} from '../interface/type';
-
-import {DependencyTypeList, RawScopeInfoFromDecorator} from './interfaces/definition';
+import {depsTracker} from './deps_tracker/deps_tracker';
+import {ComponentType, DependencyTypeList, RawScopeInfoFromDecorator} from './interfaces/definition';
 
 export function ɵɵgetComponentDepsFactory(
-    type: Type<any>, rawImports?: RawScopeInfoFromDecorator): () => DependencyTypeList {
-  // TODO(pmvald): Implement this runtime using deps tracker.
-  return () => [];
+    type: ComponentType<any>, rawImports?: RawScopeInfoFromDecorator[]): () => DependencyTypeList {
+  return () => {
+    return depsTracker.getComponentDependencies(type, rawImports).dependencies;
+  };
 }
diff --git a/packages/core/src/render3/scope.ts b/packages/core/src/render3/scope.ts
index 3e38b73dd87..4ed7e299002 100644
--- a/packages/core/src/render3/scope.ts
+++ b/packages/core/src/render3/scope.ts
@@ -6,12 +6,15 @@
  * found in the LICENSE file at https://angular.io/license
  */
 
+import {isForwardRef, resolveForwardRef} from '../di/forward_ref';
 import {Type} from '../interface/type';
 import {noSideEffects} from '../util/closure';
 import {EMPTY_ARRAY} from '../util/empty';
 
 import {extractDefListOrFactory, getNgModuleDef} from './definition';
-import {ComponentDef, ComponentType, NgModuleScopeInfoFromDecorator} from './interfaces/definition';
+import {depsTracker} from './deps_tracker/deps_tracker';
+import {ComponentDef, ComponentType, NgModuleScopeInfoFromDecorator, RawScopeInfoFromDecorator} from './interfaces/definition';
+import {isModuleWithProviders} from './jit/util';
 
 /**
  * Generated next to NgModules to monkey-patch directive and pipe references onto a component's
@@ -43,8 +46,27 @@ export function ɵɵsetComponentScope(
 export function ɵɵsetNgModuleScope(type: any, scope: NgModuleScopeInfoFromDecorator): unknown {
   return noSideEffects(() => {
     const ngModuleDef = getNgModuleDef(type, true);
-    ngModuleDef.declarations = scope.declarations || EMPTY_ARRAY;
-    ngModuleDef.imports = scope.imports || EMPTY_ARRAY;
-    ngModuleDef.exports = scope.exports || EMPTY_ARRAY;
+    ngModuleDef.declarations = convertToTypeArray(scope.declarations || EMPTY_ARRAY);
+    ngModuleDef.imports = convertToTypeArray(scope.imports || EMPTY_ARRAY);
+    ngModuleDef.exports = convertToTypeArray(scope.exports || EMPTY_ARRAY);
+
+    depsTracker.registerNgModule(type, scope);
   });
 }
+
+function convertToTypeArray(values: Type<any>[]|(() => Type<any>[])|
+                            RawScopeInfoFromDecorator[]): Type<any>[]|(() => Type<any>[]) {
+  if (typeof values === 'function') {
+    return values;
+  }
+
+  if (values.some(isForwardRef)) {
+    return () => values.map(resolveForwardRef).map(maybeUnwrapModuleWithProviders);
+  } else {
+    return values.map(maybeUnwrapModuleWithProviders);
+  }
+}
+
+function maybeUnwrapModuleWithProviders(value: any): Type<any> {
+  return isModuleWithProviders(value) ? value.ngModule : value as Type<any>;
+}
diff --git a/packages/core/test/acceptance/local_compilation_spec.ts b/packages/core/test/acceptance/local_compilation_spec.ts
new file mode 100644
index 00000000000..537773a7ae3
--- /dev/null
+++ b/packages/core/test/acceptance/local_compilation_spec.ts
@@ -0,0 +1,118 @@
+/**
+ * @license
+ * Copyright Google LLC All Rights Reserved.
+ *
+ * Use of this source code is governed by an MIT-style license that can be
+ * found in the LICENSE file at https://angular.io/license
+ */
+
+import {Component, forwardRef, ɵɵdefineNgModule, ɵɵgetComponentDepsFactory, ɵɵsetNgModuleScope} from '@angular/core';
+import {ComponentType} from '@angular/core/src/render3';
+
+describe('component dependencies in local compilation', () => {
+  it('should compute correct set of dependencies when importing ng-modules directly', () => {
+    @Component({selector: 'sub'})
+    class SubComponent {
+    }
+
+    class SubModule {
+      static ɵmod = ɵɵdefineNgModule({type: SubModule});
+    }
+    ɵɵsetNgModuleScope(SubModule, {exports: [SubComponent]});
+
+    @Component({})
+    class MainComponent {
+    }
+
+    class MainModule {
+      static ɵmod = ɵɵdefineNgModule({type: MainModule});
+    }
+    ɵɵsetNgModuleScope(MainModule, {imports: [SubModule], declarations: [MainComponent]});
+
+    const deps = ɵɵgetComponentDepsFactory(MainComponent as ComponentType<any>)();
+
+    expect(deps).toEqual(jasmine.arrayWithExactContents([SubComponent, MainComponent]));
+  });
+
+  it('should compute correct set of dependencies when importing ng-modules with providers', () => {
+    @Component({selector: 'sub'})
+    class SubComponent {
+    }
+
+    class SubModule {
+      static ɵmod = ɵɵdefineNgModule({type: SubModule});
+    }
+    ɵɵsetNgModuleScope(SubModule, {exports: [SubComponent]});
+
+    @Component({})
+    class MainComponent {
+    }
+
+    class MainModule {
+      static ɵmod = ɵɵdefineNgModule({type: MainModule});
+    }
+    ɵɵsetNgModuleScope(
+        MainModule,
+        {imports: [{ngModule: SubModule, providers: []}], declarations: [MainComponent]});
+
+    const deps = ɵɵgetComponentDepsFactory(MainComponent as ComponentType<any>)();
+
+    expect(deps).toEqual(jasmine.arrayWithExactContents([SubComponent, MainComponent]));
+  });
+
+  it('should compute correct set of dependencies when importing ng-modules using forward ref',
+     () => {
+       @Component({selector: 'sub'})
+       class SubComponent {
+       }
+
+       class SubModule {
+         static ɵmod = ɵɵdefineNgModule({type: SubModule});
+       }
+       ɵɵsetNgModuleScope(SubModule, {exports: [forwardRef(() => SubComponent)]});
+
+       @Component({})
+       class MainComponent {
+       }
+
+       class MainModule {
+         static ɵmod = ɵɵdefineNgModule({type: MainModule});
+       }
+       ɵɵsetNgModuleScope(MainModule, {
+         imports: [forwardRef(() => SubModule)],
+         declarations: [forwardRef(() => MainComponent)]
+       });
+
+       const deps = ɵɵgetComponentDepsFactory(MainComponent as ComponentType<any>)();
+
+       expect(deps).toEqual(jasmine.arrayWithExactContents([SubComponent, MainComponent]));
+     });
+
+  it('should compute correct set of dependencies when importing ng-modules with providers using forward ref',
+     () => {
+       @Component({selector: 'sub'})
+       class SubComponent {
+       }
+
+       class SubModule {
+         static ɵmod = ɵɵdefineNgModule({type: SubModule});
+       }
+       ɵɵsetNgModuleScope(SubModule, {exports: [SubComponent]});
+
+       @Component({})
+       class MainComponent {
+       }
+
+       class MainModule {
+         static ɵmod = ɵɵdefineNgModule({type: MainModule});
+       }
+       ɵɵsetNgModuleScope(MainModule, {
+         imports: [forwardRef(() => ({ngModule: SubModule, providers: []}))],
+         declarations: [MainComponent]
+       });
+
+       const deps = ɵɵgetComponentDepsFactory(MainComponent as ComponentType<any>)();
+
+       expect(deps).toEqual(jasmine.arrayWithExactContents([SubComponent, MainComponent]));
+     });
+});