Outside of the massive malls in Caracas, which have all the standard international designer stores you could ask for, shopping is far from rewarding in Venezuela. Your best bet is to look for and stick to local and indigenous arts and crafts. Masks are particularly attractive and varied. Keep an eye out for the local hammocks, called chinchorros, which are an intricate weave of thin strands of rough natural fibers. You'll also find a variety of woven baskets, hats, and handbags, as well as simple ceramic wares. Despite its duty-free status, Isla de Margarita is unlikely to be of much interest for international shoppers. Prices and selection are comparable to what most folks can find at home.
Outside of department stores, hotel gift shops, and malls, you should bargain. In many cases, street merchants and sellers at outdoor markets and souvenir shops can easily be bartered down by 25% to 30%.
Note: This information was accurate when it was published, but can change without notice. Please be sure to confirm all rates and details directly with the companies in question before planning your trip.