As part of the Canary Islands' special tax zone, Tenerife has lower indirect tax (IGIC, 7%) than mainland Spain's VAT, making electronics, perfume, and tobacco noticeably cheaper — Santa Cruz's Calle Castillo is the main shopping street for this.
Local products worth bringing home include mojo sauce (the island's signature condiment), Canarian wine from the volcanic-soil vineyards around La Orotava and Tacoronte, palm honey (miel de palma), and hand-embroidered goods from La Orotava's Casa de los Balcones workshop. Local markets like Mercado Nuestra Señora de África in Santa Cruz are good for fresh produce and cheeses, including the distinctive smoked Canarian goat cheese.