Eurostat released trade data for the Eurozone on Wednesday. Eurozone's unadjusted trade surplus fell to €7.9 billion in December from €23.9 billion in November. November's figure was revised down from a surplus of €24.3 billion.

Unadjusted imports dropped 6% in January, while exports were flat.

The unadjusted traded balance was driven by a decline in the cost of energy imports.

The EU's trade deficit with Russia fell in January, while the trade deficit with China climbed.

For 2014 as whole, Eurozone's trade surplus rose to €192.9 billion from €151.9 billion in 2013. Exports increased 2%, while imports were unchanged.

Eurostat said that seasonally adjusted numbers were not available due to technical problems.