<!DOCTYPE html>

<html>
<head>

<meta charset="utf-8"/>

<script>

var tag = document.createElement('script');
tag.src = "https://www.youtube.com/iframe_api";
var firstScriptTag = document.getElementsByTagName('script')[0];
firstScriptTag.parentNode.insertBefore(tag, firstScriptTag);

var ytplayer;
var YTPlayerState;

function renderVideoTime() {
  var ytTime = ytplayer.getCurrentTime()
  document.getElementById('currentTime').value = ytTime
  return ytTime
}

function adjustVideoTime(change) {
  var ct = ytplayer.getCurrentTime()
  ytplayer.seekTo( ct + change, true)
  renderVideoTime()
  // setTimeout( () => { renderVideoTime() }, 500) // works, most? of the tme
}

function onYouTubeIframeAPIReady(vid) {
    console.log("onYouTubeIframeAPIReady")
    ytplayer = new YT.Player('div_player', {
        height: "390",
        width: "640",
        videoId: 'M7lc1UVf-VE',
        playerVars: {
            'autoplay': 0,
            'controls': 1
        },
        events: {
            'onReady': onYTPlayerReady,
        }
    }); 
}

function onYTPlayerReady(event) {
    console.log("onYTPlayerReady")
    event.target.playVideo()
    renderVideoTime()
}

</script>
</head>

<body>

<div id="div_player">
</div>

<input type="text" id="currentTime">

<button type="button" onclick="adjustVideoTime(5)">+5</button>
<button type="button" onclick="adjustVideoTime(-5)">-5</button>

</body>
</html>