diff --git a/bookmarks/services/importer.py b/bookmarks/services/importer.py
index b72f32c..0b83a30 100644
--- a/bookmarks/services/importer.py
+++ b/bookmarks/services/importer.py
@@ -1,13 +1,13 @@
 import logging
 from dataclasses import dataclass
+from typing import List
 
 from django.contrib.auth.models import User
 from django.utils import timezone
 
-from bookmarks.models import Bookmark, parse_tag_string
+from bookmarks.models import Bookmark, Tag, parse_tag_string
 from bookmarks.services import tasks
 from bookmarks.services.parser import parse, NetscapeBookmark
-from bookmarks.services.tags import get_or_create_tags
 from bookmarks.utils import parse_timestamp
 
 logger = logging.getLogger(__name__)
@@ -20,8 +20,39 @@ class ImportResult:
     failed: int = 0
 
 
+class TagCache:
+    def __init__(self, user: User):
+        self.user = user
+        self.cache = dict()
+        # Init cache with all existing tags for that user
+        tags = Tag.objects.filter(owner=user)
+        for tag in tags:
+            self.put(tag)
+
+    def get(self, tag_name: str):
+        tag_name_lowercase = tag_name.lower()
+        if tag_name_lowercase in self.cache:
+            return self.cache[tag_name_lowercase]
+        else:
+            return None
+
+    def get_all(self, tag_names: List[str]):
+        result = []
+        for tag_name in tag_names:
+            tag = self.get(tag_name)
+            # Prevent returning duplicates
+            if not (tag in result):
+                result.append(tag)
+
+        return result
+
+    def put(self, tag: Tag):
+        self.cache[tag.name.lower()] = tag
+
+
 def import_netscape_html(html: str, user: User):
     result = ImportResult()
+    import_start = timezone.now()
 
     try:
         netscape_bookmarks = parse(html)
@@ -29,26 +60,130 @@ def import_netscape_html(html: str, user: User):
         logging.exception('Could not read bookmarks file.')
         raise
 
+    parse_end = timezone.now()
+    logger.debug(f'Parse duration: {parse_end - import_start}')
+
+    # Create and cache all tags beforehand
+    _create_missing_tags(netscape_bookmarks, user)
+    tag_cache = TagCache(user)
+
+    # Split bookmarks to import into batches, to keep memory usage for bulk operations manageable
+    batches = _get_batches(netscape_bookmarks, 200)
+    for batch in batches:
+        _import_batch(batch, user, tag_cache, result)
+
+    # Create snapshots for newly imported bookmarks
+    tasks.schedule_bookmarks_without_snapshots(user)
+
+    end = timezone.now()
+    logger.debug(f'Import duration: {end - import_start}')
+
+    return result
+
+
+def _create_missing_tags(netscape_bookmarks: List[NetscapeBookmark], user: User):
+    tag_cache = TagCache(user)
+    tags_to_create = []
+
+    for netscape_bookmark in netscape_bookmarks:
+        tag_names = parse_tag_string(netscape_bookmark.tag_string)
+        for tag_name in tag_names:
+            tag = tag_cache.get(tag_name)
+            if not tag:
+                tag = Tag(name=tag_name, owner=user)
+                tag.date_added = timezone.now()
+                tags_to_create.append(tag)
+
+    Tag.objects.bulk_create(tags_to_create)
+
+
+def _get_batches(items: List, batch_size: int):
+    batches = []
+    offset = 0
+    num_items = len(items)
+
+    while offset < num_items:
+        batch = items[offset:min(offset + batch_size, num_items)]
+        if len(batch) > 0:
+            batches.append(batch)
+        offset = offset + batch_size
+
+    return batches
+
+
+def _import_batch(netscape_bookmarks: List[NetscapeBookmark], user: User, tag_cache: TagCache, result: ImportResult):
+    # Query existing bookmarks
+    batch_urls = [bookmark.href for bookmark in netscape_bookmarks]
+    existing_bookmarks = Bookmark.objects.filter(owner=user, url__in=batch_urls)
+
+    # Create or update bookmarks from parsed Netscape bookmarks
+    bookmarks_to_create = []
+    bookmarks_to_update = []
+
     for netscape_bookmark in netscape_bookmarks:
         result.total = result.total + 1
         try:
-            _import_bookmark_tag(netscape_bookmark, user)
+            # Lookup existing bookmark by URL, or create new bookmark if there is no bookmark for that URL yet
+            bookmark = next(
+                (bookmark for bookmark in existing_bookmarks if bookmark.url == netscape_bookmark.href), None)
+            if not bookmark:
+                bookmark = Bookmark(owner=user)
+                is_update = False
+            else:
+                is_update = True
+            # Copy data from parsed bookmark
+            _copy_bookmark_data(netscape_bookmark, bookmark)
+            # Validate bookmark fields, exclude owner to prevent n+1 database query,
+            # also there is no specific validation on owner
+            bookmark.clean_fields(exclude=['owner'])
+            # Schedule for update or insert
+            if is_update:
+                bookmarks_to_update.append(bookmark)
+            else:
+                bookmarks_to_create.append(bookmark)
+
             result.success = result.success + 1
         except:
             shortened_bookmark_tag_str = str(netscape_bookmark)[:100] + '...'
             logging.exception('Error importing bookmark: ' + shortened_bookmark_tag_str)
             result.failed = result.failed + 1
 
-    # Create snapshots for newly imported bookmarks
-    tasks.schedule_bookmarks_without_snapshots(user)
+    # Bulk update bookmarks in DB
+    Bookmark.objects.bulk_update(bookmarks_to_update,
+                                 ['url', 'date_added', 'date_modified', 'unread', 'title', 'description', 'owner'])
+    # Bulk insert new bookmarks into DB
+    Bookmark.objects.bulk_create(bookmarks_to_create)
 
-    return result
+    # Bulk assign tags
+    # In Django 3, bulk_create does not return the auto-generated IDs when bulk inserting,
+    # so we have to reload the inserted bookmarks, and match them to the parsed bookmarks by URL
+    existing_bookmarks = Bookmark.objects.filter(owner=user, url__in=batch_urls)
+
+    BookmarkToTagRelationShip = Bookmark.tags.through
+    relationships = []
+
+    for netscape_bookmark in netscape_bookmarks:
+        # Lookup bookmark by URL again
+        bookmark = next(
+            (bookmark for bookmark in existing_bookmarks if bookmark.url == netscape_bookmark.href), None)
+
+        if not bookmark:
+            # Something is wrong, we should have just created this bookmark
+            shortened_bookmark_tag_str = str(netscape_bookmark)[:100] + '...'
+            logging.warning(
+                f'Failed to assign tags to the bookmark: {shortened_bookmark_tag_str}. Could not find bookmark by URL.')
+
+        # Get tag models by string, schedule inserts for bookmark -> tag associations
+        tag_names = parse_tag_string(netscape_bookmark.tag_string)
+        tags = tag_cache.get_all(tag_names)
+        for tag in tags:
+            relationships.append(BookmarkToTagRelationShip(bookmark=bookmark, tag=tag))
+
+    # Insert all bookmark -> tag associations at once, should ignore errors if association already exists
+    BookmarkToTagRelationShip.objects.bulk_create(relationships, ignore_conflicts=True)
 
 
-def _import_bookmark_tag(netscape_bookmark: NetscapeBookmark, user: User):
-    # Either modify existing bookmark for the URL or create new one
-    bookmark = _get_or_create_bookmark(netscape_bookmark.href, user)
-
+def _copy_bookmark_data(netscape_bookmark: NetscapeBookmark, bookmark: Bookmark):
     bookmark.url = netscape_bookmark.href
     if netscape_bookmark.date_added:
         bookmark.date_added = parse_timestamp(netscape_bookmark.date_added)
@@ -56,24 +191,7 @@ def _import_bookmark_tag(netscape_bookmark: NetscapeBookmark, user: User):
         bookmark.date_added = timezone.now()
     bookmark.date_modified = bookmark.date_added
     bookmark.unread = False
-    bookmark.title = netscape_bookmark.title
+    if netscape_bookmark.title:
+        bookmark.title = netscape_bookmark.title
     if netscape_bookmark.description:
         bookmark.description = netscape_bookmark.description
-    bookmark.owner = user
-
-    bookmark.full_clean()
-    bookmark.save()
-
-    # Set tags
-    tag_names = parse_tag_string(netscape_bookmark.tag_string)
-    tags = get_or_create_tags(tag_names, user)
-
-    bookmark.tags.set(tags)
-    bookmark.save()
-
-
-def _get_or_create_bookmark(url: str, user: User):
-    try:
-        return Bookmark.objects.get(url=url, owner=user)
-    except Bookmark.DoesNotExist:
-        return Bookmark()
diff --git a/bookmarks/services/parser.py b/bookmarks/services/parser.py
index ed134da..539152e 100644
--- a/bookmarks/services/parser.py
+++ b/bookmarks/services/parser.py
@@ -1,6 +1,6 @@
 from dataclasses import dataclass
-
-import pyparsing as pp
+from html.parser import HTMLParser
+from typing import Dict, List
 
 
 @dataclass
@@ -12,60 +12,72 @@ class NetscapeBookmark:
     tag_string: str
 
 
-def extract_bookmark_link(tag):
-    href = tag[0].href
-    title = tag[0].text
-    tag_string = tag[0].tags
-    date_added = tag[0].add_date
+class BookmarkParser(HTMLParser):
+    def __init__(self):
+        super().__init__()
+        self.bookmarks = []
 
-    return {
-        'href': href,
-        'title': title,
-        'tag_string': tag_string,
-        'date_added': date_added
-    }
+        self.current_tag = None
+        self.bookmark = None
+        self.href = ''
+        self.add_date = ''
+        self.tags = ''
+        self.title = ''
+        self.description = ''
 
+    def handle_starttag(self, tag: str, attrs: list):
+        name = 'handle_start_' + tag.lower()
+        if name in dir(self):
+            getattr(self, name)({k.lower(): v for k, v in attrs})
+        self.current_tag = tag
 
-def extract_bookmark(tag):
-    link = tag[0].link
-    description = tag[0].description
-    description = description[0] if description else ''
+    def handle_endtag(self, tag: str):
+        name = 'handle_end_' + tag.lower()
+        if name in dir(self):
+            getattr(self, name)()
+        self.current_tag = None
 
-    return {
-        'link': link,
-        'description': description,
-    }
+    def handle_data(self, data):
+        name = f'handle_{self.current_tag}_data'
+        if name in dir(self):
+            getattr(self, name)(data)
 
+    def handle_end_dl(self):
+        self.add_bookmark()
 
-def extract_description(tag):
-    return tag[0].strip()
+    def handle_start_dt(self, attrs: Dict[str, str]):
+        self.add_bookmark()
 
-
-# define grammar
-dt_start, _ = pp.makeHTMLTags("DT")
-dd_start, _ = pp.makeHTMLTags("DD")
-a_start, a_end = pp.makeHTMLTags("A")
-bookmark_link_tag = pp.Group(a_start + a_start.tag_body("text") + a_end.suppress())
-bookmark_link_tag.addParseAction(extract_bookmark_link)
-bookmark_description_tag = dd_start.suppress() + pp.SkipTo(pp.anyOpenTag | pp.anyCloseTag)("description")
-bookmark_description_tag.addParseAction(extract_description)
-bookmark_tag = pp.Group(dt_start + bookmark_link_tag("link") + pp.ZeroOrMore(bookmark_description_tag)("description"))
-bookmark_tag.addParseAction(extract_bookmark)
-
-
-def parse(html: str) -> [NetscapeBookmark]:
-    matches = bookmark_tag.searchString(html)
-    bookmarks = []
-
-    for match in matches:
-        bookmark_match = match[0]
-        bookmark = NetscapeBookmark(
-            href=bookmark_match['link']['href'],
-            title=bookmark_match['link']['title'],
-            description=bookmark_match['description'],
-            tag_string=bookmark_match['link']['tag_string'],
-            date_added=bookmark_match['link']['date_added'],
+    def handle_start_a(self, attrs: Dict[str, str]):
+        vars(self).update(attrs)
+        self.bookmark = NetscapeBookmark(
+            href=self.href,
+            title='',
+            description='',
+            date_added=self.add_date,
+            tag_string=self.tags,
         )
-        bookmarks.append(bookmark)
 
-    return bookmarks
+    def handle_a_data(self, data):
+        self.title = data.strip()
+
+    def handle_dd_data(self, data):
+        self.description = data.strip()
+
+    def add_bookmark(self):
+        if self.bookmark:
+            self.bookmark.title = self.title
+            self.bookmark.description = self.description
+            self.bookmarks.append(self.bookmark)
+        self.bookmark = None
+        self.href = ''
+        self.add_date = ''
+        self.tags = ''
+        self.title = ''
+        self.description = ''
+
+
+def parse(html: str) -> List[NetscapeBookmark]:
+    parser = BookmarkParser()
+    parser.feed(html)
+    return parser.bookmarks
diff --git a/bookmarks/tests/helpers.py b/bookmarks/tests/helpers.py
index 8227d8d..8266cbd 100644
--- a/bookmarks/tests/helpers.py
+++ b/bookmarks/tests/helpers.py
@@ -1,5 +1,7 @@
 import random
 import logging
+from dataclasses import dataclass
+from typing import Optional, List
 
 from django.contrib.auth.models import User
 from django.utils import timezone
@@ -87,6 +89,42 @@ class LinkdingApiTestCase(APITestCase):
         return response
 
 
+class BookmarkHtmlTag:
+    def __init__(self, href: str = '', title: str = '', description: str = '', add_date: str = '', tags: str = ''):
+        self.href = href
+        self.title = title
+        self.description = description
+        self.add_date = add_date
+        self.tags = tags
+
+
+class ImportTestMixin:
+    def render_tag(self, tag: BookmarkHtmlTag):
+        return f'''
+        <DT>
+        <A {f'HREF="{tag.href}"' if tag.href else ''}
+           {f'ADD_DATE="{tag.add_date}"' if tag.add_date else ''}
+           {f'TAGS="{tag.tags}"' if tag.tags else ''}>
+           {tag.title if tag.title else ''}
+        </A>
+        {f'<DD>{tag.description}' if tag.description else ''}
+        '''
+
+    def render_html(self, tags: List[BookmarkHtmlTag] = None, tags_html: str = ''):
+        if tags:
+            rendered_tags = [self.render_tag(tag) for tag in tags]
+            tags_html = '\n'.join(rendered_tags)
+        return f'''
+        <!DOCTYPE NETSCAPE-Bookmark-file-1>
+        <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=UTF-8">
+        <TITLE>Bookmarks</TITLE>
+        <H1>Bookmarks</H1>
+        <DL><p>
+        {tags_html}
+        </DL><p>
+        '''
+
+
 _words = [
     'quasi',
     'consequatur',
diff --git a/bookmarks/tests/test_importer.py b/bookmarks/tests/test_importer.py
index c5113e7..ded0ea9 100644
--- a/bookmarks/tests/test_importer.py
+++ b/bookmarks/tests/test_importer.py
@@ -1,29 +1,204 @@
+from typing import List
 from unittest.mock import patch
 
-from django.test import TestCase
+from django.test import TestCase, override_settings
+from django.utils import timezone
 
-from bookmarks.models import Tag
+from bookmarks.models import Bookmark, Tag, parse_tag_string
 from bookmarks.services import tasks
 from bookmarks.services.importer import import_netscape_html
-from bookmarks.tests.helpers import BookmarkFactoryMixin, disable_logging
+from bookmarks.tests.helpers import BookmarkFactoryMixin, ImportTestMixin, BookmarkHtmlTag, disable_logging
+from bookmarks.utils import parse_timestamp
 
 
-class ImporterTestCase(TestCase, BookmarkFactoryMixin):
+class ImporterTestCase(TestCase, BookmarkFactoryMixin, ImportTestMixin):
 
-    def create_import_html(self, bookmark_tags_string: str):
-        return f'''
-<!DOCTYPE NETSCAPE-Bookmark-file-1>
-<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=UTF-8">
-<TITLE>Bookmarks</TITLE>
-<H1>Bookmarks</H1>
-<DL><p>
-{bookmark_tags_string}
-</DL><p>
-        '''
+    def assertBookmarksImported(self, html_tags: List[BookmarkHtmlTag]):
+        for html_tag in html_tags:
+            bookmark = Bookmark.objects.get(url=html_tag.href)
+            self.assertIsNotNone(bookmark)
+
+            self.assertEqual(bookmark.title, html_tag.title)
+            self.assertEqual(bookmark.description, html_tag.description)
+            self.assertEqual(bookmark.date_added, parse_timestamp(html_tag.add_date))
+
+            tag_names = parse_tag_string(html_tag.tags)
+
+            # Check assigned tags
+            for tag_name in tag_names:
+                tag = next(
+                    (tag for tag in bookmark.tags.all() if tag.name == tag_name), None)
+                self.assertIsNotNone(tag)
+
+    def test_import(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='Example title', description='Example description',
+                            add_date='1', tags='example-tag'),
+            BookmarkHtmlTag(href='https://foo.com', title='Foo title', description='',
+                            add_date='2', tags=''),
+            BookmarkHtmlTag(href='https://bar.com', title='Bar title', description='Bar description',
+                            add_date='3', tags='bar-tag, other-tag'),
+        ]
+        import_html = self.render_html(tags=html_tags)
+        result = import_netscape_html(import_html, self.get_or_create_test_user())
+
+        # Check result
+        self.assertEqual(result.total, 3)
+        self.assertEqual(result.success, 3)
+        self.assertEqual(result.failed, 0)
+
+        # Check bookmarks
+        bookmarks = Bookmark.objects.all()
+        self.assertEqual(len(bookmarks), 3)
+        self.assertBookmarksImported(html_tags)
+
+    def test_synchronize(self):
+        # Initial import
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='Example title', description='Example description',
+                            add_date='1', tags='example-tag'),
+            BookmarkHtmlTag(href='https://foo.com', title='Foo title', description='',
+                            add_date='2', tags=''),
+            BookmarkHtmlTag(href='https://bar.com', title='Bar title', description='Bar description',
+                            add_date='3', tags='bar-tag, other-tag'),
+        ]
+        import_html = self.render_html(tags=html_tags)
+        import_netscape_html(import_html, self.get_or_create_test_user())
+
+        # Change data, add some new data
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='Updated Example title',
+                            description='Updated Example description', add_date='111', tags='updated-example-tag'),
+            BookmarkHtmlTag(href='https://foo.com', title='Updated Foo title', description='Updated Foo description',
+                            add_date='222', tags='new-tag'),
+            BookmarkHtmlTag(href='https://bar.com', title='Updated Bar title', description='Updated Bar description',
+                            add_date='333', tags='updated-bar-tag, updated-other-tag'),
+            BookmarkHtmlTag(href='https://baz.com', add_date='444', tags='baz-tag')
+        ]
+
+        # Import updated data
+        import_html = self.render_html(tags=html_tags)
+        result = import_netscape_html(import_html, self.get_or_create_test_user())
+
+        # Check result
+        self.assertEqual(result.total, 4)
+        self.assertEqual(result.success, 4)
+        self.assertEqual(result.failed, 0)
+
+        # Check bookmarks
+        bookmarks = Bookmark.objects.all()
+        self.assertEqual(len(bookmarks), 4)
+        self.assertBookmarksImported(html_tags)
+
+    def test_import_with_some_invalid_bookmarks(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com'),
+            # Invalid URL
+            BookmarkHtmlTag(href='foo.com'),
+            # No URL
+            BookmarkHtmlTag(),
+        ]
+        import_html = self.render_html(tags=html_tags)
+        result = import_netscape_html(import_html, self.get_or_create_test_user())
+
+        # Check result
+        self.assertEqual(result.total, 3)
+        self.assertEqual(result.success, 1)
+        self.assertEqual(result.failed, 2)
+
+        # Check bookmarks
+        bookmarks = Bookmark.objects.all()
+        self.assertEqual(len(bookmarks), 1)
+        self.assertBookmarksImported(html_tags[1:1])
+
+    def test_import_tags(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', tags='tag1'),
+            BookmarkHtmlTag(href='https://foo.com', tags='tag2'),
+            BookmarkHtmlTag(href='https://bar.com', tags='tag3'),
+        ]
+        import_html = self.render_html(tags=html_tags)
+        import_netscape_html(import_html, self.get_or_create_test_user())
+
+        self.assertEqual(Tag.objects.count(), 3)
+
+    def test_create_missing_tags(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', tags='tag1'),
+            BookmarkHtmlTag(href='https://foo.com', tags='tag2'),
+            BookmarkHtmlTag(href='https://bar.com', tags='tag3'),
+        ]
+        import_html = self.render_html(tags=html_tags)
+        import_netscape_html(import_html, self.get_or_create_test_user())
+
+        html_tags.append(
+            BookmarkHtmlTag(href='https://baz.com', tags='tag4')
+        )
+        import_html = self.render_html(tags=html_tags)
+        import_netscape_html(import_html, self.get_or_create_test_user())
+
+        self.assertEqual(Tag.objects.count(), 4)
+
+    def test_should_append_tags_to_bookmark_when_reimporting_with_different_tags(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', tags='tag1'),
+        ]
+        import_html = self.render_html(tags=html_tags)
+        import_netscape_html(import_html, self.get_or_create_test_user())
+
+        html_tags.append(
+            BookmarkHtmlTag(href='https://example.com', tags='tag2, tag3')
+        )
+        import_html = self.render_html(tags=html_tags)
+        import_netscape_html(import_html, self.get_or_create_test_user())
+
+        self.assertEqual(Bookmark.objects.count(), 1)
+        self.assertEqual(Bookmark.objects.all()[0].tags.all().count(), 3)
+
+    @override_settings(USE_TZ=False)
+    def test_use_current_date_when_no_add_date(self):
+        test_html = self.render_html(tags_html=f'''
+            <DT><A HREF="https://example.com">Example.com</A>
+            <DD>Example.com
+        ''')
+
+        with patch.object(timezone, 'now', return_value=timezone.datetime(2021, 1, 1)):
+            import_netscape_html(test_html, self.get_or_create_test_user())
+
+            self.assertEqual(Bookmark.objects.count(), 1)
+            self.assertEqual(Bookmark.objects.all()[0].date_added, timezone.datetime(2021, 1, 1))
+
+    def test_keep_title_if_imported_bookmark_has_empty_title(self):
+        test_html = self.render_html(tags=[
+            BookmarkHtmlTag(href='https://example.com', title='Example.com')
+        ])
+        import_netscape_html(test_html, self.get_or_create_test_user())
+
+        test_html = self.render_html(tags=[
+            BookmarkHtmlTag(href='https://example.com')
+        ])
+        import_netscape_html(test_html, self.get_or_create_test_user())
+
+        self.assertEqual(Bookmark.objects.count(), 1)
+        self.assertEqual(Bookmark.objects.all()[0].title, 'Example.com')
+
+    def test_keep_description_if_imported_bookmark_has_empty_description(self):
+        test_html = self.render_html(tags=[
+            BookmarkHtmlTag(href='https://example.com', description='Example.com')
+        ])
+        import_netscape_html(test_html, self.get_or_create_test_user())
+
+        test_html = self.render_html(tags=[
+            BookmarkHtmlTag(href='https://example.com')
+        ])
+        import_netscape_html(test_html, self.get_or_create_test_user())
+
+        self.assertEqual(Bookmark.objects.count(), 1)
+        self.assertEqual(Bookmark.objects.all()[0].description, 'Example.com')
 
     def test_replace_whitespace_in_tag_names(self):
-        test_html = self.create_import_html(f'''
-            <DT><A HREF="https://example.com" ADD_DATE="1616337559" PRIVATE="0" TOREAD="0" TAGS="tag 1, tag 2, tag 3">Example.com</A>
+        test_html = self.render_html(tags_html=f'''
+            <DT><A HREF="https://example.com" TAGS="tag 1, tag 2, tag 3">Example.com</A>
             <DD>Example.com
         ''')
         import_netscape_html(test_html, self.get_or_create_test_user())
@@ -35,22 +210,22 @@ class ImporterTestCase(TestCase, BookmarkFactoryMixin):
 
     @disable_logging
     def test_validate_empty_or_missing_bookmark_url(self):
-        test_html = self.create_import_html(f'''
-            <!-- Empty URL -->
-            <DT><A HREF="" ADD_DATE="1616337559" PRIVATE="0" TOREAD="0" TAGS="tag3">Empty URL</A>
+        test_html = self.render_html(tags_html=f'''
+            <DT><A HREF="">Empty URL</A>
             <DD>Empty URL
-            <!-- Missing URL -->
-            <DT><A ADD_DATE="1616337559" PRIVATE="0" TOREAD="0" TAGS="tag3">Missing URL</A>
+            <DT><A>Missing URL</A>
             <DD>Missing URL
         ''')
 
         import_result = import_netscape_html(test_html, self.get_or_create_test_user())
 
+        self.assertEqual(Bookmark.objects.count(), 0)
         self.assertEqual(import_result.success, 0)
+        self.assertEqual(import_result.failed, 2)
 
     def test_schedule_snapshot_creation(self):
         user = self.get_or_create_test_user()
-        test_html = self.create_import_html('')
+        test_html = self.render_html(tags_html='')
 
         with patch.object(tasks, 'schedule_bookmarks_without_snapshots') as mock_schedule_bookmarks_without_snapshots:
             import_netscape_html(test_html, user)
diff --git a/bookmarks/tests/test_parser.py b/bookmarks/tests/test_parser.py
new file mode 100644
index 0000000..0a272b2
--- /dev/null
+++ b/bookmarks/tests/test_parser.py
@@ -0,0 +1,122 @@
+from typing import List
+
+from django.test import TestCase
+
+from bookmarks.services.parser import NetscapeBookmark
+from bookmarks.services.parser import parse
+from bookmarks.tests.helpers import ImportTestMixin, BookmarkHtmlTag
+
+
+class ParserTestCase(TestCase, ImportTestMixin):
+    def assertTagsEqual(self, bookmarks: List[NetscapeBookmark], html_tags: List[BookmarkHtmlTag]):
+        self.assertEqual(len(bookmarks), len(html_tags))
+        for bookmark in bookmarks:
+            html_tag = html_tags[bookmarks.index(bookmark)]
+            self.assertEqual(bookmark.href, html_tag.href)
+            self.assertEqual(bookmark.title, html_tag.title)
+            self.assertEqual(bookmark.date_added, html_tag.add_date)
+            self.assertEqual(bookmark.description, html_tag.description)
+            self.assertEqual(bookmark.tag_string, html_tag.tags)
+
+    def test_parse_bookmarks(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='Example title', description='Example description',
+                            add_date='1', tags='example-tag'),
+            BookmarkHtmlTag(href='https://foo.com', title='Foo title', description='',
+                            add_date='2', tags=''),
+            BookmarkHtmlTag(href='https://bar.com', title='Bar title', description='Bar description',
+                            add_date='3', tags='bar-tag, other-tag'),
+        ]
+        html = self.render_html(html_tags)
+        bookmarks = parse(html)
+
+        self.assertTagsEqual(bookmarks, html_tags)
+
+    def test_no_bookmarks(self):
+        html = self.render_html()
+        bookmarks = parse(html)
+
+        self.assertEqual(bookmarks, [])
+
+    def test_reset_properties_after_adding_bookmark(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='Example title', description='Example description',
+                            add_date='1', tags='example-tag'),
+            BookmarkHtmlTag(href='', title='', description='',
+                            add_date='', tags='')
+        ]
+        html = self.render_html(html_tags)
+        bookmarks = parse(html)
+
+        self.assertTagsEqual(bookmarks, html_tags)
+
+    def test_empty_title(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='', description='Example description',
+                            add_date='1', tags='example-tag'),
+        ]
+        html = self.render_html(tags_html='''
+        <DT><A HREF="https://example.com" ADD_DATE="1" TAGS="example-tag"></A>
+        <DD>Example description
+        ''')
+        bookmarks = parse(html)
+
+        self.assertTagsEqual(bookmarks, html_tags)
+
+    def test_with_closing_description_tag(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='Example title', description='Example description',
+                            add_date='1', tags='example-tag'),
+            BookmarkHtmlTag(href='https://foo.com', title='Foo title', description='',
+                            add_date='2', tags=''),
+        ]
+        html = self.render_html(tags_html='''
+        <DT><A HREF="https://example.com" ADD_DATE="1" TAGS="example-tag">Example title</A>
+        <DD>Example description</DD>
+        <DT><A HREF="https://foo.com" ADD_DATE="2">Foo title</A>
+        <DD></DD>
+        ''')
+        bookmarks = parse(html)
+
+        self.assertTagsEqual(bookmarks, html_tags)
+
+    def test_description_tag_before_anchor_tag(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='Example title', description='Example description',
+                            add_date='1', tags='example-tag'),
+            BookmarkHtmlTag(href='https://foo.com', title='Foo title', description='',
+                            add_date='2', tags=''),
+        ]
+        html = self.render_html(tags_html='''
+        <DT><DD>Example description</DD>
+        <A HREF="https://example.com" ADD_DATE="1" TAGS="example-tag">Example title</A>
+        <DT><DD></DD>
+        <A HREF="https://foo.com" ADD_DATE="2">Foo title</A>
+        ''')
+        bookmarks = parse(html)
+
+        self.assertTagsEqual(bookmarks, html_tags)
+
+    def test_with_folders(self):
+        html_tags = [
+            BookmarkHtmlTag(href='https://example.com', title='Example title', description='Example description',
+                            add_date='1', tags='example-tag'),
+            BookmarkHtmlTag(href='https://foo.com', title='Foo title', description='',
+                            add_date='2', tags=''),
+        ]
+        html = self.render_html(tags_html='''
+        <DL><p>
+            <DT><H3>Folder 1</H3>
+            <DL><p>
+                <DT><A HREF="https://example.com" ADD_DATE="1" TAGS="example-tag">Example title</A>
+                <DD>Example description
+            </DL><p>
+            <DT><H3>Folder 2</H3>
+            <DL><p>
+                <DT><A HREF="https://foo.com" ADD_DATE="2">Foo title</A>
+            </DL><p>
+        </DL><p>
+        ''')
+        bookmarks = parse(html)
+
+        self.assertTagsEqual(bookmarks, html_tags)
diff --git a/requirements.prod.txt b/requirements.prod.txt
index df48aed..46f5b79 100644
--- a/requirements.prod.txt
+++ b/requirements.prod.txt
@@ -13,7 +13,6 @@ django-sass-processor==1.0.1
 django-widget-tweaks==1.4.8
 djangorestframework==3.12.4
 idna==2.8
-pyparsing==2.4.7
 python-dateutil==2.8.1
 pytz==2021.1
 requests==2.26.0
diff --git a/requirements.txt b/requirements.txt
index ae55a2f..ef8563d 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -18,7 +18,6 @@ django-widget-tweaks==1.4.8
 djangorestframework==3.12.4
 idna==2.8
 libsass==0.21.0
-pyparsing==2.4.7
 python-dateutil==2.8.1
 pytz==2021.1
 rcssmin==1.0.6
diff --git a/siteroot/settings/dev.py b/siteroot/settings/dev.py
index cba5b7a..d47966a 100644
--- a/siteroot/settings/dev.py
+++ b/siteroot/settings/dev.py
@@ -48,6 +48,11 @@ LOGGING = {
             'level': 'DEBUG',
             'handlers': ['console'],
             'propagate': False,
+        },
+        'bookmarks.services.importer': {  # Log importer debug output
+            'level': 'DEBUG',
+            'handlers': ['console'],
+            'propagate': False,
         }
     }
 }