What does this code demonstrate about the differences in export behavior?
// CommonJS
exports.value = 'hello';
exports = { value: 'world' }; // Doesn't work
// ES Modules
export let value = 'hello';
value = 'world'; // Works
The export behavior differences are significant: 1) CommonJS exports are properties of the exports object, and reassigning exports breaks the reference to module.exports, 2) ES Modules create live bindings that can be updated while maintaining the binding, 3) CommonJS requires maintaining the reference to module.exports for exports to work, 4) ES Modules' live bindings ensure changes to exported values are reflected in importing modules, 5) CommonJS exports are essentially object properties, while ES Module exports are bindings, 6) This affects how modules can be updated and maintained, 7) ES Modules' approach provides better encapsulation and predictable behavior.